Several factors are putting upward pressure on China's average pork prices. President Xi's decree that party officials implement an eight-point guide for official conduct has also directly impacted the nation's meat consumption. Oilseeds Soymeal Inventories Continue Steady Buildup Through last week, the estimated soymeal inventories of China's major crushers climbed to 1.32 MMT, a 9.53 percent increase over the previous week. This marks the second straight week of significant inventory accumulation. Among the surveyed areas, the estimated inventories only decreased in Shandong, falling from 130,000 MT to 96,000 MT. The largest gain was in Guangxi at 61.4 percent. Meanwhile, they rose nearly 10 percent to 684,300 MT in the eastern region...
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
Forecasting developments in production agriculture
On behalf of a private U.S. agricultural technology provider, WPI’s team generated an econometric model to forecast the movement of concentrated corn production north and west from the traditional U.S. Corn Belt. WPI’s model has subsequently provided quantitative support to a multi-million-dollar investment into short-season corn variety development. WPI’s methodology included a series of interviews with regional grain elevators and seed consultants. Emphasizing outreach and communication with stakeholders who possess intimate sectoral knowledge – on-the-ground insights – is a regular component of WPI’s methodologies, made possible by WPI’s ever-growing network of industry contacts.