WPI releases its first forecast for the 2017/18 U.S. corn crop with planted area and yield above USDA estimates. Ending stocks are forecast...In conjunction with last week’s Agricultural Outlook Form, USDA put forward its initial projections for planted acreage and supply/demand balance sheets for major field crops during the 2017/18 crop year. It is important to note that these do not constitute formal predictions. Rather, they are “best guess” projections using assumptions based upon past patterns, current prices, normal weather conditions, yield trends, demand prospects, and, of course, many years of analytical experience. These projections also assume the macroeconomic context will not change markedly during the crop year and that there...
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.