Livestock Feed Demand Slows in Q4 Data from the surveys of China’s Ministry of Agriculture and Rural Affairs (MARA) Affairs and the China Feed Industry Association show feed output for October at 25.2 MMT. That represents a .2 percent increase from a year ago but a month-on-month decline of 4.1 percent. Market sentiment suggests feed output fell even further in November. Through the first ten months of 2021 feed production has reached 243.6 MMT, a 14.9 percent improvement over the same period for 2020. Of that total, 106 MMT has gone to the hog sector, a 49.5 percent jump from the year prior. Meanwhile, high prices for corn and soybeans have pushed feed manufacturers to announce their third price hike in the past month. These...
What You Need to Know Today: There has already been a strong run of flash soybean sales announcements in recent weeks, but more than 1.4 MMT reported this morning is an exceptionally large single-day total with major implications for the market. If the sales to China and unknown destinations w...
On Friday, at 6:57 AM, President Donald Trump announced, via a social media post, a 90-day window during which up to 300,000 metric tons of product for ground beef could be imported outside of tariff-rate quotas—a move aimed at bringing down costs for American consumers. This is the secon...
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.