Oilseeds Soymeal Inventory Has Minor Uptick Last week China’s soymeal inventories continued the same divergent and varied trends at the regional level that were noted in the previous report, although this time the only week-on-week decreases occurred in the North Region and Shandong Province with drops of 22,500 MT (-17.7 percent) to 104,500 MT and 10,200 MT (-13.2 percent) to 67,200 MT, respectively. Across all other areas, estimated soymeal inventories rose an average 5.2 percent. Nationally, the combined estimated inventory totaled 937,000 MT as of 14 December 2018, up 6,000 MT (+0.6 percent) from the week before and 194,700 MT (+26.0 percent) higher than a year ago. With downstream demand from the hog sector remaining tepid and...
What You Need to Know Today: Commodities were mostly lower across the board today after yesterday’s Federal Reserve meeting hinted at a potential interest rate hike later in 2026. The dollar index reached its highest level in over a year, and a strong dollar makes U.S. agricultural expor...
Tomorrow is the Juneteenth federal holiday, and the USDA, along with the rest of the federal government and the CME, will be closed, so the monthly Cattle on Feed report was released a day early. The total number of cattle on feed in feedlots with 1,000 head or more capacity on 1 June amounted...
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.