Yesterday, USDA Secretary Sonny Perdue announced long awaited details of the aid package promised to U.S. farmers. The $12 billion aid package is to offset income losses due to lower prices resulting from “unjustified” tariffs by China and others in retaliation for the presumably justified tariffs imposed by the Trump administration against a variety of imports from a variety of origins. China’s retaliatory tariffs against U.S. soybeans, corn, wheat, grain sorghum, pork and a number of other agricultural products are the source of most of the losses, with soybeans taking by far the biggest hit. Subject to certain limitations, soybean farmers are to receive $1.65/bushel on 50 percent of their proven 2018 production, with th...
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
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.