Imports and exports both declined steeply in January, driven by two key temporary factors. Meanwhile, like a plow horse, the progress in the labor market didn't stop for bad weather in February.A number of economic reports were issued this past Friday. Below is a summary:Trade: Imports and exports both declined steeply in January, driven by two key temporary factors. First, oil prices plummeted in January. The average price per barrel of crude petroleum imports fell 20 percent, the largest drop since the panic in late 2008 and early 2009. Second, labor disputes at West Coast ports helped reduce non-petroleum trade. For example, the total number of inbound and outbound containers fell 20 percent at the Port of Los Angeles and 24 percent at t...
What You Need to Know Today: Chinese purchases of U.S. soybeans continued to accelerate, with USDA reporting another 558 KMT sold to China and 236 KMT to unknown destinations. Combined with sales announced Wednesday and Thursday, the latest purchases bring the three-day total to approximately...
Key Takeaways: With the fall calf run now upon us, producers are finally getting a glimpse of what their realized profits will be for 2026. Some producers may have already obtained a strong estimate of 2026 revenues, especially if calves were forward sold in, for example, the mid-summer...
As fall begins, wild migratory birds are starting their seasonal migration. That has the industry and government officials worried about the potential spread, again, of highly pathogenic avian influenza (HPAI). Some members of Congress have called for the United States to be prepared for a pote...
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.