News Updates EGYPT COMMENTS The government of Egypt is making every effort to reduce subsidies on some major food items. As reported a few weeks ago, the government said there would be two levels of low-cost flat bread (baladi bread), with the price increasing 100 percent for some and remaining the same for poorer Egyptians. However, the government has now announced that it will be revising the current flour milling prices and the allowance for baking subsidized bread. Local bakers claimed they were no longer able to recover their operating costs because of the low-cost bread and said that the government allowance is insufficient. The government hopes to come up with a new program that will lower the massive subsidies paid and pass additi...
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.