Chicken Profits Fly Higher on Wings The holidays (and maybe more importantly, the college football bowl season and professional football playoffs) have come just in time for the broiler industry. With corn dipping below $7.00 per bushel and more demand for chicken wings, a favorite snack food for football fans, broiler production is back in the black for the first time since June 2012. Wing prices are up 18 percent on the year, corn prices are down 2 percent and soybean meal is down down 6 percent.With the new reinstatement of the $1.00 biodiesel blenders' credit, we expect more biodiesel to move into the biofuels market, displacing Brazilian sugar ethanol that is brought in for its Renewable Identification Numbers (RINs) compliance va...
Key Takeaways: Brazil confirmed a Newcastle disease outbreak at a commercial turkey farm in Santa Catarina on 18 October, raising concerns about potential disruptions to poultry exports despite the outbreak being confined to a single facility thus far. Mexico and Malaysia have imposed nationwi...
Yesterday, Alberta held a referendum on whether to begin the process toward independence from Canada. With more than one million votes counted as of early Tuesday morning, around 77 percent supported remaining in Canada, and 23 percent voted to start the process of separation, according to unof...
Mediterranean/Middle East/North Africa/Africa – MEA Region Pakistan’s smaller wheat farmers have been holding protests to complain about the lack of a support price for wheat and the potential expansion of GMO crop production. They also want the reinstatement of PASSCO, the governme...
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.