As of this afternoon, there are more than 100 amendments filed on the farm bill with more than 200 in the drafting/planning stages. Committee leadership convened a meeting at 4 p.m. today to discuss the process moving forward. One of the unsettled issues is the nature of the amendments. Senate Majority Leader Harry Reid (D-Nevada) wants to limit the amendments to germane topics, but Senate Minority Leader Mitch McConnell (R-Kentucky) says that since the farm bill is a priority bill -- attaching other issues is key to getting them considered yet this year. We made reference to that yesterday with regard to Senator John McCain's (R-Arizona) amendment to exempt defense spending from sequestration. By taking his position, Reid has a balancing a...
What You Need to Know Today: Cattle futures extended their sharp selloff Friday as weakening cash cattle prices, deteriorating feedlot profitability, and reduced packer demand continued to weigh on the market. The inability of futures to sustain a rally following last week's bullish Cattle on...
As predicted, the Federal Reserve held rates steady at the last meeting before the midterm elections, likely in part because of the election (see WPI 19 October and 22 September). The decision comes at the tail end of a midterm election cycle that has been marked by the two parties campaigning...
Key Takeaways: The tariff burden rose sharply in 2025 and 2026: the effective rate on imports in HTS Chapters 1–24 increased from 1.53 percent in 2024 to 6.11 percent in 2025, before averaging 5.68 percent in January–August 2026. Headline rates tell only part of the story: exemptio...
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.