The estimated average utilization rate of China's soybean processing industry decreased sharply last week as a majority of those facilities ceased production due to sluggish demand from the downstream market. That then impacted the volume of soybean stocks at the country's seaports. Oilseeds Soymeal Inventories Continue to Rise on Tepid Feed Demand As expected, the strong volume of soybean shipment arrivals in the first-half of March combined with slack demand from the feed industry pushed China’s estimated soymeal inventories up again last week. The estimated total for all regions increased 140,000 MT to 1.17 MMT (+13.59 percent) through last Friday, which is 3.64 percent lower than a year ago. Among the surveyed regions, inventories ro...
What You Need to Know Today: Chinese purchases of U.S. soybeans continued to accelerate, with USDA reporting another 558 KMT sold to China and 236 KMT to unknown destinations. Combined with sales announced Wednesday and Thursday, the latest purchases bring the three-day total to approximately...
As fall begins, wild migratory birds are starting their seasonal migration. That has the industry and government officials worried about the potential spread, again, of highly pathogenic avian influenza (HPAI). Some members of Congress have called for the United States to be prepared for a pote...
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.