Large Soybean and Soymeal Export Sales Today's USDA Exports Sales Report indicated U.S. exporters sold large amounts of soybeans and soymeal last week. Soybean sales totaled 1,219,300 MT, with 374,300 MT for shipment in 2011/12. Sales for shipment in 2012/13 totaled 845,000 MT. As usual, China was the top buyer with sales of 127,200 MT for this marketing year and 615,000 MT for delivery in 2012/13. Not included in the soybean sales last week were sales of 565,000 MT USDA has announced this week.Other notable soybean buyers for this year were Turkey (72,900 MT), unknown (54,000 MT), Netherlands 62,800 MT) and Mexico (28,900 MT). The largest buyers of soybeans for 2012/13 other than China were unknown (170,000 MT) and France (60,000 MT).So...
Key Takeaways: President Trump announced $8 billion in additional agricultural assistance through the Harvest Fuel Relief Program, as USDA projects farm fuel and oil expenses will increase 28.8 percent in 2026. The package follows $12 billion in earlier relief, while government farm payments w...
Key Takeaways: A student group from the University of Chicago is protesting to bring back onion futures trading. Trading in onion futures was banned in 1958 following a spectacular bout of market manipulation that resulted in a corner of the physical market. The ban on onion futures led t...
Beef packer margins deteriorated to $141/head last week, down $55 from the prior week as fed cattle prices strengthened while the Choice cutout remained nearly unchanged. The cutout held near $373/cwt while fed cattle prices climbed $4/cwt to $224/cwt, narrowing processor profits. Despite the d...
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.