India has announced the draft of a new health certificate that could allow the importation of frozen pork and pork products from the U.S. Currently, those imports are from EU countries only, primarily Italy, Spain, Belgium and Denmark. Erratic Monsoon Reduces India's Food Grain Production by 3.2 Percent The Department of Agriculture and Cooperation, government of India (GOI) has issued the 2nd Advance Estimates for 2014/15 production of major crops. Food grains are estimated at 257.07 MMT, an 8.5 MMT drop from the 2013/14 total of 265.57 MMT. It should be noted that the overall monsoon deficiency in 2014/15 was 12 percent. Despite that, however, the decline in overall production was only 3.2 percent.Although the area under wheat was down...
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.