Oilseeds Soymeal Inventory Continues to Fall as Utilization Rates Decrease With crushers reducing their operational output, China’s soymeal inventory decreased again for the second straight week. The cutbacks have helped push up prices just as port inventories of imported soybeans have declined (see discussion below). As a result, the estimated nationwide soymeal inventory totaled 773,700 MT as of 30 March 2018, down 16,400 MT (-2.1 percent) from the previous week but up 37,000 MT (+5 percent) compared with a year ago. At the regional level, the inventories in the East and Guangxi had the most significant drops, falling 21,600 MT (-4.4 percent) to 464,800 MT and 29,300 MT (-44.4 percent) last week to 36,700 MT, respectively. With B...
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.