U.S. Soy Sector Needs U.S.-China Trade Deal Soon U.S. farmers are struggling through a largely miserable harvest season with frequent rains as well as snow halting progress. In some areas, they are seeing substantial damage to their crops, particularly soybeans. The worst damage has been where mature soybeans have stood in water (caused by the excessive rainfall) and started to turn black. These issues have only contributed to the financial problem caused by China’s tariff on U.S. soybeans. As a result of the lost export sales to that country, U.S. soybeans are as much as $2.50/bushel below the prices the Chinese are paying for Brazilian origin. To make matters worse, farmers cannot apply for the payments intended to offset part of...
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.