Wheat: Net sales of 438,300 metric tons for 2018/2019 were down 34 percent from the previous week and 18 percent from the prior 4-week average. Corn: Net sales of 892,500 MT for 2018/2019 were up 27 percent from the previous week and 95 percent from the prior 4-week average. Soybeans: Net sales of 470,400 MT for 2018/2019 were up 47 percent from the previous week and 54 percent from the prior 4-week average. Soybean Cake and Meal: Net sales of 432,300 MT for 2018/2019 were reported for the Dominican Republic (91,300 MT), Poland (50,000 MT), Vietnam (46,400 MT), Japan (38,100 MT), and Italy (31,900 MT). Reductions were for unkno...
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.