The state's new temporary purchase and reserve polices for corn were released last week, which together with another factor should drive up Chinese processors' utilization rates in the near term. Oilseeds Improving Feed Demand Drives down Meal Inventories Again As feed demand continues to rise, last week's estimated soymeal inventories totaled 1.01 MT, a 200,000 MT drop from the previous week and 250,000 MT lower than the same week in 2014. Among the surveyed areas, the only two regions where those inventories increased from the previous week were northern and northeastern China where they rose 9.48 percent to 153,600 MT and 14.5 percent to 63,300 MT, respectively. In sharp contrast, they declined significantly in the provinces of Shando...
What You Need to Know Today: After a period of limited activity, USDA reported a sizeable 613 KMT in soybean export sales, including 330 KMT to China and 283 KMT to unknown destinations, potentially also China. The purchases represent a meaningful pickup in demand and bring China closer to ful...
The Trump import plan for 300,000 MT of beef supplies used for ground beef, i.e., lean trim, from September through November has, according to Secretary Brooke Rollins, brought some relief to beef prices. The Executive Order states that the Secretary of Agriculture will analyze and review the m...
Key Takeaways: Texas illustrates the assumptions underlying the 2025 FMMO reform; Idaho exposes their limitations. The Southwest order blend (roughly 27 percent Class I, 32 percent Class III and 31 percent Class IV) exposes Texas producers to every lever USDA adjusted, with a near-neutral proj...
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.