World Perspectives

Food Inflation

U.S. gasoline prices are up 60 percent June to June and deservedly receive more than food price inflation. Year to date, consumer food inflation is at 6.7 percent, though USDA expects it to be closer to 8.5 to 9.5 percent. The meat category is a main component pulling it higher with consumer inflation at 12.14 percent. This contrasts with a 20-year average of all consumer food advancing at a 2.4 percent annual rate. USDA expects consumer food inflation to cool dramatically in 2023 to 2.5 to 3.5 percent, closer to its historical average.  At the producer level, cattle prices in 2022 will advance 12.5 to 15.5 percent, versus pork at -1.5 to 1.5 percent. However, the real price spike is occurring in dairy and poultry. To manage inflation...

WPI on Twitter

Related Articles

Good Friday

Tomorrow, 29 March is a holiday for the CBOT/CME markets in observance of Good Friday. Please note that our office will also be closed. The next Ag Perspectives will be published Monday, 1 April. ...

feed-grains soy-oilseeds wheat

Market Commentary: Wow, Some Fun Information!

USDA’s much anticipated Prospective Plantings and Quarterly Stocks reports had few shockers, but they did shuffle the board a bit. First, the top line stuff: Corn Planted area was expected to drop due to higher input costs and lower prices, but USDA’s 90-million-acre number was at t...

livestock

Livestock Roundup: Hogs and Pigs Report Neutral with Bearish Undertones

Today, USDA released its quarterly Hogs and Pigs report for the December through February quarter. The total inventory of hogs and pigs on 1 March was 74.6 million head, which was 101 percent of March 2023 and the highest since 2020. That was slightly higher than pre-report expectations. Total...

Good Friday

Tomorrow, 29 March is a holiday for the CBOT/CME markets in observance of Good Friday. Please note that our office will also be closed. The next Ag Perspectives will be published Monday, 1 April. ...

feed-grains soy-oilseeds wheat

Market Commentary: Wow, Some Fun Information!

USDA’s much anticipated Prospective Plantings and Quarterly Stocks reports had few shockers, but they did shuffle the board a bit. First, the top line stuff: Corn Planted area was expected to drop due to higher input costs and lower prices, but USDA’s 90-million-acre number was at t...

livestock

Livestock Roundup: Hogs and Pigs Report Neutral with Bearish Undertones

Today, USDA released its quarterly Hogs and Pigs report for the December through February quarter. The total inventory of hogs and pigs on 1 March was 74.6 million head, which was 101 percent of March 2023 and the highest since 2020. That was slightly higher than pre-report expectations. Total...

Divergent Perspectives

China doesn’t offer the best business environment for American companies and FDI has plummeted. But Xi Jinping told CEO’s that his country will continue building a “first class business environment.” Meanwhile, Joe Biden tells American companies that they are monopolies...

Image
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.

Search World Perspectives

Sign In to World Perspectives

Don’t have an account yet? Sign Up