Poultry and poultry products are among the most efficient converters of grain into animal protein products. The feed conversion ratio (FCR) for eggs at 2/1 or less is only beaten by farmed fish like catfish. The global average FCR includes backyard hens that may not be fed an optimal diet and thus have a lower FCR. Still, the farmgate price of eggs is highly correlated to the cost of corn, a primary feed ingredient. Eggs tend to be expensive in places like Hong Kong or Switzerland. The number one per capita consuming country for eggs is Mexico, at 409 eggs/year. Japan (337/capita) and Colombia (334/capita) are also high consumers of eggs. Must as poultry is substituted for pork and beef as animal protein prices rise, egg consumption should...
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.
What You Need to Know Today: Markets got a surprise with a corn yield of 181.2 bushels/acre in the October WASDE, above the average estimate of 177.6 bushels/acre and up from USDA’s September estimate of 178.5 bushels/acre. Although stronger demand is expected to absorb some of the addit...
Key Takeaways: On Friday afternoon, President Trump announced that Russia will “immediately supply over 300,000 Tons of Diesel Fuel” to the United States. The deal, typical of this administration, is light on details but promises an additional 500,000 tons in November and 1 m...
The USDA has lowered its 2026 red meat production forecasts slightly while forecasting a slight increase in broiler production. Beef is now projected at 24.802 billion pounds, 75 million pounds less than in September. Cow slaughter is expected to be up; however, this will be offset by lower ste...