Agriculture received its fair share in the Modi government's first full budget with one of the main proposals targeting the creation of a national agricultural market to boost farm productivity and farmers' income. India's 2015 Budget and Agriculture The Modi government announced its first full budget on 28 February 2015. It included an estimated gross domestic product (GDP) growth rate of 7.4 percent in 2014/15, which was helped by greater economic stability, higher employment generation, domestic manufacturing and consumption as well as fiscal prudence. Economic growth is expected to reach 8.1-8.5 percent in 2015/16 and double digits by 2018. The budget was more focused on the future than the average citizen at this time. Budgetary allo...
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
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.