Yesterday Bunge announced plans to build a new soybean processing facility at an undisclosed location in either Indiana or Ohio, and adding additional soybean crushing capacity on the inland river system in the U.S. would benefit not just the domestic market. Bunge to Build New Soy Crush Plant in Indiana or Ohio Yesterday Bunge announced plans to build a new soybean processing facility at an undisclosed location in either Indiana or Ohio. This will be the first plant it has built in the U.S. in 15 years, which the company hopes to have in operation by the end of 2019. The last facility it opened was in Council Bluffs, Iowa.Bunge indicated that it needed additional crushing capacity in the eastern U.S. to serve the domestic and export mark...
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.