World Perspectives

Monopolistic Impacts

One of the charges by populists in the agricultural sector is that consolidation has led to monopolistic conditions, or at least a monopsonist situation. Often cited as an example is the meat packing industry, though it has been investigated repeatedly. There are tools that enable better price hedging by producers, though they are used less than they should. USDA and the futures industry will attempt to remedy the problem with four outreach and training sessions at the end of this year focused on cattle contracts, factors impacting carcass quality and ultimately improving acceptance and premium pricing of steers.  There is also the charge of monopoly when it comes to the input industry. However, no producer is forced to buy the latest...

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Summary of Futures

Jul 25 Corn closed at $4.855/bushel, up $0.015 from yesterday's close.  Jul 25 Wheat closed at $5.45/bushel, up $0.005 from yesterday's close.  Jul 25 Soybeans closed at $10.5925/bushel, down $0.0275 from yesterday's close.  Jul 25 Soymeal closed at $298.5/short ton, up $1.8 from...

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From WPI Consulting

Accountability and a comprehensive approach to export programming

WPI’s team helped construct a strategic approach to develop, implement, and track promotional activities in 8 key regions across the globe for an agricultural export association. With continued progress measurement and strategic advisory services from WPI, the association has seen its ROI from investments in promotional programming increase by 44 percent over the past 5 years. Not only does this type of holistic approach to organizational strategy provide measurable results to track and analyze, it fosters top-down and bottom-up organizational accountability.

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