World Perspectives
livestock

The Incredible Surge of “Cheese Milk”

The June Class III milk futures contract finally gave up some ground today dropping to $19.75 during trading but rallying to close at $19.80/cwt, down $0.41 but still the highest futures price since 2014. More remarkable, at its peak the contract gained more than $9.00 over 30 days. And, it made the year brighter for dairy producers; back on Friday 1 May, the Class III contracts for June through December averaged $14.69/cwt, but as of today’s close, that average was up to $17.47/cwt   Futures prices are following cheese prices. The CME 40-pound block cheddar price on 4 May was $1.2125/lb. and by yesterday it had more than doubled to $2.5250/lb. CME 500-pound barrels were $1.2300 on 4 May and $2.3600 today. That is a jump...

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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.

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