CBOT board soybean crush margins have recently compressed due to the run-up in soybean prices and weakness in soyoil values. The January board crush fell from its recent high of 155.75 cents/bu on 17 October to 140.75 as of this writing, a decrease of about 10 percent. This week’s sudden shift in the trade policy outlook as well as soybean futures’ extended rally are causing many to wonder what is next for prices and the processing margin. These questions are relevant not only for U.S. markets but also for the South American and Chinese markets, as each plays a unique role in driving supply, demand, or both. To help examine the outlook for soybean and product prices and the crush margin, WPI extended our prior work using e...
Key Takeaways: The U.S. sheep industry is contracting. Lamb output and producer participation have declined sharply. Imports now account for most U.S. lamb consumption. Their roughly 70 percent share raises concerns about domestic capacity and resilience. USTR’s referral carries substant...
Yesterday, the USDA released its monthly World Supply and Demand Estimates (WASDE), forecasting tighter beef and pork supplies and growing broiler supplies, resulting in a tighter red meat supply. Broiler production, however, continues to grow and is forecast to be up more than 3 percent. Beef...
From WPI Consulting
Accountability and a comprehensive approach to export programming
WPI’s team helped construct a strategic approach to develop, implement, and track promotional activities in 8 key regions across the globe for an agricultural export association. With continued progress measurement and strategic advisory services from WPI, the association has seen its ROI from investments in promotional programming increase by 44 percent over the past 5 years. Not only does this type of holistic approach to organizational strategy provide measurable results to track and analyze, it fosters top-down and bottom-up organizational accountability.