During the demonetization period that began in November 2016, the price of cottonseed oil cake, a major source of protein for livestock in India, continued to drop due to lack of demand. However, recent developments have changed the situation. Cottonseed Oil Cake Prices Recovering India’s cottonseed production could grow slightly to 10.88 MMT in 2016/17 from the previous year’s estimated 10.85 MMT. At least 90 percent is processed and results in what is called undecorticated cottonseed oil cake, which has high protein as well as oil. This is a major source of protein for livestock in India, primarily in cattle feed as it enhances milkfat. In most of the cotton-growing tracts of Maharashtra, Gujarat, Andhra Pradesh, Karnataka, Telangana an...
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
Accountability and a comprehensive approach to export programming
WPI’s team helped construct a strategic approach to develop, implement, and track promotional activities in 8 key regions across the globe for an agricultural export association. With continued progress measurement and strategic advisory services from WPI, the association has seen its ROI from investments in promotional programming increase by 44 percent over the past 5 years. Not only does this type of holistic approach to organizational strategy provide measurable results to track and analyze, it fosters top-down and bottom-up organizational accountability.