Soy Export Sales Highlights Today’s USDA/FAS export sales report indicated exporters of U.S. soybeans had moderate success in the week ending 3 December. Sales of soybeans were up from the previous week despite large reductions in sales to unknown destinations. Soymeal and soyoil sales were more modest. Net soybean export sales for export in 2020/21 totaled 569,000 MT, a 40 percent increase over the previous week, but 42 percent below the past four-week average. The largest sales as usual were for China (685,400 MT), but 459,000 MT of that was switched from unknown destinations. The other substantial sales were for Mexico (178,600 MT), Thailand (103,800 MT), the Netherlands (95,200 MT), and Egypt (86,100 MT). Total reductions in sal...
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.