EIA reported this week that marketed natural gas in 2015 was priced 6 percent higher on average than 2014 levels, while it also has projected that consumption will continue to increase. Most of that growth is due to one particular usage relevant to agriculture.Back in September, we reported that the U.S. Energy Information Administration (EIA) announced that as of 28 August, U.S. inventories of natural gas rose by 94 billion cubic feet to a total of 3.193 trillion cubic feet. That inventory level was 18.3 percent higher than the previous year and 4 percent above the current five-year average, which itself is considerably higher than it was prior to 2010 because of the shale gas boom. The average natural gas spot price at the benchmark...
What You Need to Know Today: Russia rejected calls for a ceasefire in the Black Sea, including a proposal to halt attacks on civilian shipping that could help restore grain flows from Ukrainian ports. Tyson Foods announced plans to permanently close its Joslin, Illinois, beef processing facili...
The big news in the cattle markets yesterday was Tyson Foods’ move to close two more beef plants. One of them, the Joslin, Illinois, plant was shuttered immediately after the announcement. The other, in Eagle Mountain, Utah, is a case-ready plant that does not slaughter cattle. Tyson also...
The Bureau of Labor Statistics (BLS) released the Consumer Price Index (CPI) on Wednesday. In July, the CPI rose 0.1 percent, seasonally adjusted, and rose 3.4 percent over the last 12 months, not seasonally adjusted. The index for all items less food and energy, or the “core” infla...
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.