World Perspectives

Miracle Economics; Age of Petroleum

Miracle Economics Leaders in the Biden Administration are taking credit for expanding market access in Japan for U.S. beef. U.S. Agriculture Secretary Tom Vilsack praised the deal by saying, “America’s farmers and ranchers have beef products that can compete anywhere in the globe and this announcement will allow them to demonstrate just that.” This is an amazing economic turnaround. Just last week the Administration declared U.S. beef too expensive and blamed a vicious monopoly for ripping off Americans with artificially high prices. In fact, the U.S. is the top beef exporting country in the world, mostly through the four big packing firms. How do they “over-price” their product and still outcompete? Age of P...

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Summary of Futures

Sep 25 Corn closed at $4.0925/bushel, down $0.0225 from yesterday's close.  Sep 25 Wheat closed at $5.3825/bushel, down $0.025 from yesterday's close.  Nov 25 Soybeans closed at $10.27/bushel, up $0.0225 from yesterday's close.  Aug 25 Soymeal closed at $275.8/short ton, up $0.2...

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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.

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