An assessment completed for several European agricultural organizations indicates costs to the EU feed and livestock industries would increase by up to 2.8 billion euros if all EU member countries were to opt out of using GM soy. Large Export Inspections Last Week Yesterday’s USDA export inspections report indicated 2,364,665 MT of soybeans were inspected for export last week, a 29 percent increase over the previous week’s 1,831,696 MT. 1,522,974 MT were inspected for China or 64.4 percent of the overall total. It appears inspections of containerized shipments totaled 75,101 MT. Inspections of shipments headed to the EU totaled 186,681 MT. USDA also indicated it inspected a shipment of 759 MT destined to Cambodia and 832 MT to be shipped...
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.