According to some analysts, the logical "pivot to Asia" made by the Obama administration is in trouble without the TPP. Math and Trade U.S. Representative Rosa DeLauro (D-Connecticut) and her fellow politicians opposed to Trade Promotion Authority (TPA) and the Trans-Pacific Partnership (TPP) may have good reason to misunderstand free trade – they cannot do math. U.S. Trade Representative Michael Froman and Secretary of Commerce Penny Pritzker sent a letter to the congresswoman providing extensive detail on how the U.S. trade balance is calculated. They tried to explain that following her methodology of only counting imports but not re-exports would overstate the trade deficit. However, she replied by insisting that "Goods produced abroad...
What You Need to Know Today: Commodities were mostly lower across the board today after yesterday’s Federal Reserve meeting hinted at a potential interest rate hike later in 2026. The dollar index reached its highest level in over a year, and a strong dollar makes U.S. agricultural expor...
Tomorrow is the Juneteenth federal holiday, and the USDA, along with the rest of the federal government and the CME, will be closed, so the monthly Cattle on Feed report was released a day early. The total number of cattle on feed in feedlots with 1,000 head or more capacity on 1 June amounted...
From WPI Consulting
Weighing in on strategic realignment
WPI’s team was retained by the governing board of a U.S. industry organization to review a decision, reached by vote, to invest significant assets into the development and management of an export trading company. WPI’s team conducted a formal review of this decision and concluded that the current level of market saturation would limit the benefits of the investment. Based on WPI’s analysis and recommended actions, the board subsequently reversed its decision and undertook a strategic planning effort to identify more impactful investments. On behalf of numerous clients, WPI has not only assisted in identifying strategic paths but also advised their implementation.