Reports out of Brazil indicate a deal still has not been reached between exporting companies and Monsanto regarding the collection of royalties on its insect-resistant Intacta soybean event. This is an issue that needs to be resolved soon in order to avoid more problems down the road for life science companies and exporters. China's Soymeal Exports Slow in September After exporting record amounts of soymeal between January-August of this year at an average monthly rate of 225,119 MT, China saw its soymeal exports slow in September to a total of 77,968 MT. That was 9.3 percent above exports in September 2013. The main markets for China's soymeal in September were Japan (31,812 MT) and South Korea (21,361 MT). Its soymeal exports in the fir...
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.