China's New Wheat Price Rises for Active Acquisition China's Ministry of Agriculture's latest release indicates approximately 17.47 million hectares of wheat have been harvested to date, accounting for over 75 percent of the total. New wheat price rises occurred as soon as it was first put on the market with about $7-13/MT growth per week in the past month. Traders were encouraged by the low opening price. Slow recovery in the feed sector also supported the price growth in wheat. Rationing of wheat use in poultry feed may increase to 40 percent with the quality wheat possibly used as hog feed.Despite the rising price, over 10 MMT of new wheat in Henan, Shandong, Anhui and Jiangsu cannot meet the quality standard for supportive procuremen...
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.