It's 1 March, Sequester Day, with no deal within reach. Yesterday two votes were taken on plans to avert the sequester. The Democratic plan failed 51-49 (see WPI 15 February for details) and the Republican plan failed 38-62 (see WPI 28 February for details). There is no third plan. In fact, according to Senate Republican Leader Mitch McConnell (R-Kentucky), "There will be no last-minute, back-room deal and absolutely no agreement to increase taxes."The sequester will go into effect today with varying implications. The cuts will be spread out over the rest of the fiscal year, which is the next seven months. The popular news item has been sequestration's effect on federal meat inspectors. There is a $1 million sequester of programmatic fund...
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
Forecasting developments in production agriculture
On behalf of a private U.S. agricultural technology provider, WPI’s team generated an econometric model to forecast the movement of concentrated corn production north and west from the traditional U.S. Corn Belt. WPI’s model has subsequently provided quantitative support to a multi-million-dollar investment into short-season corn variety development. WPI’s methodology included a series of interviews with regional grain elevators and seed consultants. Emphasizing outreach and communication with stakeholders who possess intimate sectoral knowledge – on-the-ground insights – is a regular component of WPI’s methodologies, made possible by WPI’s ever-growing network of industry contacts.