The Chinese Ministry of Agriculture is projecting growth in meat output during 2016-20 and targeting “above scale” farms for this expansion. This signals an effort to reduce backyard farming and facilitate a more extensive integration of livestock production with feed mills.USDA’s Economic Research Service (ERS) recently published a paper on the growth of China’s feed industry and the impact that could have on corn and soybean markets (Development of China’s Feed Industry and Demand for Imported Commodities by Fred Gale, November 2015). It charts the development timeline for the nation’s feed industry over the last 40 years from 1974-75 when the first mills were built in China through today. The paper also provides background on the importa...
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...
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Accountability and a comprehensive approach to export programming
WPI’s team helped construct a strategic approach to develop, implement, and track promotional activities in 8 key regions across the globe for an agricultural export association. With continued progress measurement and strategic advisory services from WPI, the association has seen its ROI from investments in promotional programming increase by 44 percent over the past 5 years. Not only does this type of holistic approach to organizational strategy provide measurable results to track and analyze, it fosters top-down and bottom-up organizational accountability.