The Chinese producers' soymeal price averaged RMB 2,837/MT ($447.20/MT) last week. That reflected a RMB 40/MT ($6.30/MT) increase from a week ago as the estimated soymeal inventories declined in all of the surveyed regions. Oilseeds Soymeal Inventories Fall Sharply China’s soymeal inventories were estimated to be 778,400 MT at the end of last week. That is a 108,600 MT decrease (-12.25 percent) since the week prior to the National Day holiday week and 201,500 MT (-20.57 percent) lower than the same week in 2014. Equally important, the estimated soymeal inventories declined in all of the surveyed regions. In north and northeastern regions, they fell 28.43 percent and 21.85 percent to 35,800 MT and 95,200 MT, respectively, since the last 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
Weighing in on strategic realignment
WPI’s team was retained by the governing board of a U.S. industry organization to review a decision, reached by vote, to invest significant assets into the development and management of an export trading company. WPI’s team conducted a formal review of this decision and concluded that the current level of market saturation would limit the benefits of the investment. Based on WPI’s analysis and recommended actions, the board subsequently reversed its decision and undertook a strategic planning effort to identify more impactful investments. On behalf of numerous clients, WPI has not only assisted in identifying strategic paths but also advised their implementation.