China proved to be a welcome addition to Washington State’s export portfolio this past fall. With carryover of the 2014 apple crop running into early November of this year, Washington producers were able to export nearly 200 containers of large Red Delicious apples (3.82 MMT/200,395 cartons) there this fall at an average price roughly $2.00 more than the domestic price. Oilseeds Soymeal Inventories Rise Again as Expected Due to the soybean processing industry’s high utilization rates and slack demand from the downstream market, last week’s estimated soymeal inventories rose 20,000 MT (+1.33 percent) to 1.34 MMT or 520,000 MT (+64.79 percent) higher than the same week in 2014. Among the surveyed regions, inventories in the south were lowe...
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...
Monday, 25 May is a U.S. holiday, and both the markets and our office will be closed. Please note that the next issue of Ag Perspectives will be published on Tuesday, 26 May. The WPI staff wishes everyone a safe and enjoyable holiday weekend...
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...
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.