With its oil meals priced high, India has seen the level of exports impacted significantly, and the poultry sector there could benefit by importing supplies from Argentina and/or Brazil if GOI were to remove the oil meal import tariff. India's Oil Meal Exports in Decline India's oil meal exports for MY 2014/15 (April-March) totaled 2.443 MMT against 4.381 MMT last year, a 44 percent decline. They were valued at $684.48 million this year compared with $1.841 billion in MY 2013/14, a drop of 62.82 percent.At the start of year (April 2014), the FOB price for soymeal was $606/MT and peaked in the following month at $707/MT. Even though it dropped to $448/MT in March 2015, exports are still not feasible as the Indian price remains higher than...
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.