China’s estimated soymeal inventories continued to climb nationwide last week, rising another 80,000 MT to a total 800,000 MT. Several factors caused this upward trend, which is likely to continue thorugh the coming weeks. Oilseeds Soymeal Inventories Rise for Third Consecutive Week China’s estimated soymeal inventories continued to climb nationwide last week, rising another 80,000 MT to a total 800,000 MT. After projecting in last week’s report that the 800,000 MT mark would be reached by the end of the month, 15 July data shows the market beat that forecast by a few weeks. The current estimated soymeal inventories are 600,000 MT lower than one year ago. Among the surveyed regions, those in north China increased to 77,600 MT (+9.37 perc...
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.