2014 Agripalooza The market, government and technology development will all three conspire to change things in the agrifood sector in 2014. It will be exciting for some and disappointing for others. 2014 Outlook for the Global Soybean Sector The U.S. and global soybean sectors have enjoyed record demand and high prices in the last few years. The outlook for 2013/14 looks like it will also be a banner year, unless U.S. and South American soybean production exceeds global demand. Global Fertilizer Markets in 2014 In 2013, fertilizer prices had to deal with weaker global grain prices and abundant supply in all three major nutrients. Although supply growth is flattening, 2014 won’t be any different with very limited upside to current...
World Perspectives, Inc. welcomes Steve Wolf as Director of Commodity Intelligence. Steve brings a broad range of agribusiness, commodity market, and consulting experience to WPI from previous roles at Tyson Foods and Informa Economics (now part of S&P Global). Steve most recently spent thr...
Beef packer margins improved to -$200/head last week, up $57 from the prior week as the Choice cutout strengthened while fed cattle prices moved lower. The cutout rose to $392/cwt, continuing its seasonal climb into summer demand, while fed cattle prices eased to $257/cwt. The improvement helpe...
What You Need to Know Today: U.S. Treasury Secretary Bessent said Friday that the U.S. has seized $1b of Iranian crypto assets. Iran’s IGGC says 15 merchant vessels, including 4 oil tankers, have passed through the Strait of Hormuz in the past 24 hours. Managed money traders...
Developer's Note: Last year, users pointed out differences between the 5-year averages reported in this app and what USDA estimates in its weekly report. The difference exists because WPI calculates average based on the last 5 years of observations for the current week. In cases where obs...
From WPI Consulting
Communicating importance of value-added products
Facing increasing pressure to quantify the value of export promotion efforts to investors, a U.S. industry organization retained WPI to develop a quantitative model that better communicated the importance of exports. The resulting model concluded that value-added meat exports contributed $0.45 cents per bushel to the price of corn, increasing support for that sector’s financial support of WPI’s client. In addition to serving the red meat industry with this type of analysis, WPI has generated similar deliverables for the U.S. soybean and poultry/egg industries.