The USDA blog has much of its space dedicated to food inflation and the drought. One entry, dated 10 August, is USDA's response to the current question on many consumers' minds: What does the U.S. drought mean for food prices? An infographic based on USDA-ERS data included in the blog post shows that food inflation from 2004-11 averaged 3 percent, while this year's inflation is expected to be 3 percent and next year's is forecast to be 3.5 percent. The infographic also shows that commodity prices only make up about 14 percent of the average retail food purchase and "everything else" -- including food processing, packaging, energy and transportation, etc. -- makes up 86 percent. Thus, "even if all commodity prices doubled, retail food pric...
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.