Despite bearish prices and long-term weather forecasts for U.S. crops, farmers’ attitudes are not bad. Re-energized with a focus on basic farm management and cost control, farmers are ready to match the awesome production of 2016.The winter farm meeting season is quickly drawing to a close as farmers almost everywhere are now solidly in “spring fever” mode. Planting equipment is being tuned up, final planting decisions are being made and, in some cases, farmers are adding or subtracting land from their operations. The 2016/17 winter farmer meeting season was, as you would expect, rather subdued because net farm income was dropping like a rock. Farmers are more interested in looking for ways to conserve cash, rather than spend it. Farmers’ b...
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.