While India wants to liberalize trade with other nations, it has also come out strongly against the WTO and asserts that it is the organization itself that has created hurdles, held up talks and is not working toward finding an amicable solution to the food security concerns of India and other developing nations. Flash Floods and a Low Monsoon Negatively Impact Indian Agriculture A flurry of floods in areas of Uttar Pradesh, Uttarachal, Bihar and Assam damaged a number of crops, including paddy and some oilseeds. Flooding has affected 65,000 hectares of paddy and nine districts overall in Uttar Pradash and the paddy crop in Odisha as well as mostly seasonal vegetable crops and 13 districts in Bihar where prices have skyrocketed. The coast...
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.