Domestic grain prices in Russia increased for almost all crops because of the tight deficit of stocks. Meanwhile, they were mostly stable in Ukraine. However, barley and corn export prices there moved in different directions. Russian Grain Markets Market Trends: 6-10 June 2016 Prices on the domestic grain market increased in RUB expression for almost all crops because of the tight deficit of stocks and also in USD expression due to strengthening of the ruble. GEOGRAPHICALLY 3rd grade soft milling wheat prices grew in Central and Black Soil (+$4-5.20/MT), the South and Ural (+$0.20/MT), and Volga Valley and Siberia (+$2.10-2.50/MT).4th grade milling wheat prices also increased in Black Soil (+$5.70/MT), Central and Siberia (+$2-2...
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.