China's Ministry of Agriculture (MOA) recently announced that biotech applications can be submitted online effective 1 September as part of its efforts to streamline administrative approvals, although this is unlikely to expedite the entire approval process. Low Soymeal Price amid Sufficient Supply The soymeal price continues to remain low despite the small rebound during the week amid sufficient supply. According to ChinaJCI price data, the cash soybean price was down to $537/MT in some areas during the week of 1 September, near lows of early 2014. Total soymeal trading during the week reached approximately 213,200 MT, down nearly 29 percent week-to-week. The soybean crushing rate along the coast continues to be high with some crushers s...
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.