While the drop in China's live pig and sow inventories clearly has propped up prices, the continued upward trend might actually decelerate due to downstream market fundamentals. Oilseeds Soymeal Inventories Declined Slightly Last Week The estimated soymeal inventories for China's major crushers fell 1.14 MMT last week, decreases of 13.58 percent from the previous week and 35.82 percent compared with the same period last year. The decline in northeast China was 92,000 MT or 58.53 percent from the previous week, while the totals for major crushers in Shandong Province and eastern China decreased to 76,000 MT and 590,000 MT, respectively. Fujian is the only region among the areas surveyed where the soymeal inventory went up, and it rose 148...
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.