China’s Burdens The U.S.-China trade war is causing causalities on both sides, and following are a sample of China’s. Some Chinese are becoming demoralized over recent developments. Xi Jinping has been designated emperor for life, market reforms have ended, the importance of state owned companies has been reaffirmed, the value of the yuan is falling, and exports are dropping. (Craig Hill of the China Daily Mail) Chinese shares have fallen to their lowest levels in two years and the drop in the yuan and exports will provide more downward pressure on the market. (Yuko Matsumoto and Yusho Cho of the Nikkei) Chinese companies are facing the repayment of $365 billion in bond payments by the end of the year and the falling y...
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
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.