The corn price for delivery to a starch plant in Gujarat is currently $226/MT, and availability is poor. While starch manufacturers could ensure receipt of stocks by raising that price, this would increase the benchmark price. This and another possible development could return India to the import market. Soybean and Soymeal Prices Are Down As demand for plant proteins remains stable in India and there is no major buying pressure, soybean and soymeal prices have continued to drop in line with the global downward trend. Soybean prices moved up in late December 2016 and reached $452/MT at the beginning of 2017 before then reversing direction, leading to heavy buying. Another upsurge occurred in the second week of January 2017, which peaked a...
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.