The voracious appetite for meat has been the greatest driver of soymeal demand in the last 25 years. Now the Chinese government seems to have decided that it wants to reduce the average consumption of meat by 50 percent in the future in order to achieve two goals. Chinese Government Wants 50 Percent Cut in Per Capita Meat Consumption The voracious appetite for meat has been the greatest driver of soymeal demand in the last 25 years. China now consumes half of the world’s pork and close to 15 percent of its broiler meat as well as large amounts of beef, sheep meat, duck meat and goose meat. It takes a great deal of soymeal, grains and other ingredients to produce that much animal protein.The Chinese government seems to have decided that it...
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
Weighing in on strategic realignment
WPI’s team was retained by the governing board of a U.S. industry organization to review a decision, reached by vote, to invest significant assets into the development and management of an export trading company. WPI’s team conducted a formal review of this decision and concluded that the current level of market saturation would limit the benefits of the investment. Based on WPI’s analysis and recommended actions, the board subsequently reversed its decision and undertook a strategic planning effort to identify more impactful investments. On behalf of numerous clients, WPI has not only assisted in identifying strategic paths but also advised their implementation.