India's high domestic feed ingredient prices have spurred livestock farmer groups to ask that GOI allow imports that may have been produced using grain and seeds of GM origin as well as the duty-free importation of plant proteins. Wheat Procurement to End Early The government of India (GOI) had first fixed the MY 2016/17 (starting 1 April 2016) wheat purchase target at 30 MMT before later revising it to 28 MMT. To date, 21.751 MMT have been obtained, slightly more than the 20.9 MMT acquired a year ago at this time against the total MY 2015/16 procurement of 28.08 MMT. With the arrivals slowing down in most grain markets, it is unlikely that the Food Corporation of India (FCI) and other state agencies will be able to reach this year’s goal...
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.