The CME isn’t interested in proposing any more solutions that would be in search of a problem; that was the message from the organization’s managing director of agricultural products, Tim Andriesen, at the Reuters Commodity Conference. Volatility was a problem for cattle futures in late 2015 and early 2016, and the CME’s Terrence Duffy addressed the matter at the National Cattlemen’s Beef Association’s annual conference in January 2016. The issue was hottest two years ago when Live Cattle futures dropped 23 percent to $120/cwt in October from $156/cwt in June. That decline sparked calls from producers for everything from reform of trading rules and more regulatory oversight to policy changes and even investiga...
What You Need to Know Today: Commodities were mostly lower across the board today after yesterday’s Federal Reserve meeting hinted at a potential interest rate hike later in 2026. The dollar index reached its highest level in over a year, and a strong dollar makes U.S. agricultural expor...
Tomorrow is the Juneteenth federal holiday, and the USDA, along with the rest of the federal government and the CME, will be closed, so the monthly Cattle on Feed report was released a day early. The total number of cattle on feed in feedlots with 1,000 head or more capacity on 1 June amounted...
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.