China's soymeal inventories continued the pattern established after the first week of 2016 and dropped by 80,600 MT (-5.6 percent) last week to 1.35 MMT, a total that was 50,000 MT lower than the same week in 2015. This was all due to a combination of factors. Oilseeds Soymeal Inventories Continue to Decline as Expected Continuing the pattern established after the first week of 2016, last week’s soymeal inventories dropped by 80,600 MT (-5.6 percent) to 1.35 MMT and were 50,000 MT lower than the same week in 2015. This was all due to the combination of the processing industry’s low utilization rates and downstream customers’ stepped-up feed purchases. Northeast China was the only region that saw its inventories increase from the we...
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.