The Russian government has strongly encouraged farmers to plant more oilseeds in recent years to reduce the need for imports and increase exports, and they have apparently sown a record area this year with two particular crops showing the largest gains. Oil World Cuts Forecast for Indian Soybean Crop Oil World reduced its forecast for India’s 2017 soybean crop by 0.9 MMT to 9.6 MMT, a drop from the 10.5 MMT produced last year. It indicated the crop may be even smaller unless plantings pick up soon. They totaled 9.6 million hectares as of 28 July, 10 percent below a year ago. Recent weather forecasts call for below-average rainfall and higher temperatures in the next week or so in the key soybean-producing state of Madhya Pradesh, which co...
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.