Coca Cola and Pepsi have announced they will remove brominated vegetable oil (BVO) from many of their popular soft drinks, but not because the FDA has found BVOs to be harmful. Peruvian Anchovy Catch to Be Well Below Quota Reports out of Peru indicate that the country's fishermen are finding it impossible to catch the allowed amount of anchovies that are used to produce fishmeal. Apparently, higher than normal ocean temperatures since May have caused the anchovies to move south near the coast in areas where commercial fishing is not permitted. With the fishing season set to end in late July or early August, the fishmeal companies say they will not be able to reach planned volumes.With only 23 days left in the first anchovy fishing season,...
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.