Corn and Soy Corn arrivals in Andhra have been increasing over the past two weeks, but the quality is mediocre. Current prices range from $181-190/MT at the market yard, and local end-users (starch/poultry) are having corn delivered to their locations at $190/MT and a maximum of $206/MT. The higher-priced corn of better quality is being selected by the poultry sector and the lower-to-mediocre quality corn by the starch sector, paying a maximum of $190/MT. Cylcone Helen has struck the east coast at Machllipatnam in Andhra Pradesh. If it moves to the interior, there could be severe damage to the grain that has been harvested and left in the open at various market yards across the state. Farmers already suffered huge losses due to Cyclone...
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
Weighing in on strategic realignment
WPI’s team was retained by the governing board of a U.S. industry organization to review a decision, reached by vote, to invest significant assets into the development and management of an export trading company. WPI’s team conducted a formal review of this decision and concluded that the current level of market saturation would limit the benefits of the investment. Based on WPI’s analysis and recommended actions, the board subsequently reversed its decision and undertook a strategic planning effort to identify more impactful investments. On behalf of numerous clients, WPI has not only assisted in identifying strategic paths but also advised their implementation.