Oilseeds Soymeal Inventory Continues Downward Trend Feed sector demand remains strong even as the impact of African swine flu (ASF) has begun to dampen regional hog prices. As of 21 September 2018, China’s estimated soymeal inventory totaled 866,400 MMT, down 71,500 MT (-7.6 percent) from the previous week and 32,900 MT (-3.7 percent) lower than the same week a year ago. Meal stocks fell in every region except the North and Shandong Province, which had gains of 4,300 MT (+3.3 percent) to 124,300 MT and 8,000 MT (+9.8 percent) to 90,000 MT, respectively. Looking ahead, the downward trend should continue. Although China’s ag ministry has argued that it can offset the loss of U.S. soybean imports with other protein sources and by...
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...
Key Takeaways: Consumer spending is a key driver of the U.S. economy, and the latest retail sales data indicate that spending remains robust despite inflation. In September, total retail and food service sales rose more than 6 percent year-over-year, with food service spending up 7 percent and...
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...
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Accountability and a comprehensive approach to export programming
WPI’s team helped construct a strategic approach to develop, implement, and track promotional activities in 8 key regions across the globe for an agricultural export association. With continued progress measurement and strategic advisory services from WPI, the association has seen its ROI from investments in promotional programming increase by 44 percent over the past 5 years. Not only does this type of holistic approach to organizational strategy provide measurable results to track and analyze, it fosters top-down and bottom-up organizational accountability.