Ukrainian and Russian wheat exports to Asian countries hit a record in August versus the same month a year ago. Meanwhile, there has been a change in Syria's plan to purchase 1 MMT of Russian wheat, although there are differing views as to the reason why. Russian Grain Markets: 4-8 September 2017 Market Trends Prices continued to fall due to growing offer and despite the record volume of grain exports in August (4.9 MMT). Because of the strengthening of ruble, though, the decrease is not as significant when expressed in USD. GEOGRAPHICALLY 3rd grade soft milling wheat prices dropped in Volga Valley (-$0.70/MT), Central (-$2.00/MT), the South and Black Soil (-$2.60-3.00/MT), and Ural and Siberia (-$4.60-4.80/MT).4th grade soft milling w...
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.