The level of U.S. economic growth in the third quarter of 2016 and first two months of the fourth quarter have been attributed to the level of the country's soybean exports. Meanwhile, the EU has released data on its U.S. soy imports thus far in MY 2016/17. Lower Soybean Exports Impact U.S. Economic Growth in Fourth Quarter The U.S. Commerce Department today indicated the country’s economic growth slowed to an annual rate of 1.9 percent in the fourth quarter, down from 3.5 percent in the third quarter and below analysts’ forecast of 2.2 percent. Interestingly, a decrease in U.S. soybean exports was blamed for this development just as an upsurge had been credited for the high rate in the third quarter. The reality is that these exports we...
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.