Ukraine's harvest totaled 33.764 MMT of grains and pulses as of 11 August, which included 9.12 MMT of barley, 23.348 MMT of wheat and 429,000 MT of rye. Russia's grain yields are reported to have reached 60.2 MMT as of 12 August. Russian Grain Markets Harvest Updates As of 12 August, 60.2 MMT of grains were harvested on 18.7 million hectares (40.2 percent of the target). Included were 43.4 MMT of wheat (3.58 MT/hectare) and 11 MMT of barley (2.86 MT/hectare), etc. 490,400 MT of rapeseed were harvested on 277,800 hectares (1.77 MT/hectare). Market Trends: 4-8 August 2014 GEOGRAPHICALLY 3rd grade soft milling wheat prices decreased in the South (-$1.30/MT), Central (-$1.40/MT), Volga Valley (-$4/MT), Black Soil (-$0.20/MT), Ural (...
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.