The Senate will return to session on Monday. Though the House will not return, debate on a fourth COVID-19 relief package will begin. This likely will be the most contentious bill; all of the basics – unemployment, business lending, food and nutrition programs, and farm payments have all been covered. Now it will come down to more philosophical and ideological issues between the Democrat majority House and the Republican majority Senate. The Senate is likely to pursue more policy-related provisions and less broad-based federal spending; the House bill is likely to double down on spending. House Speaker Nancy Pelosi (D-California) has said that there will not be a bill without direct aid to the States; Senate Majority Leader Mitch McC...
Macro: Treasury Squeezes Yields, the Dollar Gives Way Today’s markets are offering a lesson in pressure: it rarely disappears — it simply moves. The U.S. Treasury stepped into the bond market after long-term yields surged to levels not seen in nearly two decades. By announcing plans...
Key Takeaways: With cattle supplies historically tight and packer margins deeply negative, beef processors are reducing excess slaughter capacity, with decisions over which plants to close driven by cattle availability, operating efficiency, and the ability to maintain high utilization rates...
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.