Ukraine exported 12.8 MMT of grains as of 22 November and from the beginning of MY 2013/14. This was an increase of 15.8 percent compared to the same period last season. Russian Grain Markets: 20-26 November 2013 Harvesting Updates As of 25 November, grain and leguminous crops were harvested on 41.6 million hectares, 94.6 percent of the planted area. The volume of grain produced was 94.5 MMT (in bunker weight) with the average yield of 2.27 MT/hectare (1.91 MT/hectare in 2012). Specifically, wheat was harvested on 23.5 million hectares, 97.9 percent of the target (54 MMT produced with the average yield of 2.3 MT/hectare), barley was harvested on 8.1 million hectares, 95.4 percent of the target (16.3 MMT produced with the average yield of...
What You Need to Know Today: The corn and soybean markets closed slightly higher in low-volume trade. The wheat market was mixed, with HRW continuing its downward trek on improved moisture. As expected, the bearish cattle on feed report drove down cattle prices and pulled hogs down with it. Mi...
USDA’s monthly cattle on feed report was released today. The total number of cattle on feed in feedlots with 1,000 head or more capacity amounted to 11.6 million head, 102 percent of last year. Source: USDA, WPI Placements were up, but part of that is attributable to persistent drought c...
Let’s return briefly to the fake meat hype cycle, now sitting somewhere in a dusty corner of your mind, not entirely forgotten. What happened to all those products, known as plant-based alternative proteins? They were supposed to be as good as real meat—cheaper, more environmentally...
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.