Korea Buys Soymeal Korean feed millers have been on a soymeal buying spree this week. On Monday, Korea's Feed Leaders Committee (FLC) bought 80,000 MT of soymeal. Of that amount, the FLC bought 25,000 MT of Indian soymeal from Noble and 55,000 MT of U.S. soymeal from Cargill. Delivery of the two purchases is scheduled for 1 January and 10 February.On Wednesday, Korea's Major Feedmill Group bought 99,000 MT of soymeal. The purchases included 55,000 MT of South American soymeal from Glencore, 20,000 MT Indian soymeal from Wilmar and 24,000 MT of U.S. soymeal from CHS. The quantities are scheduled to be shipped in December and January. Also on Monday, Nonghyup Feed, Inc., the country's largest feed miller, bought 30,000 MT of Indian soyme...
What You Need to Know Today: Chinese purchases of U.S. soybeans continued to accelerate, with USDA reporting another 558 KMT sold to China and 236 KMT to unknown destinations. Combined with sales announced Wednesday and Thursday, the latest purchases bring the three-day total to approximately...
Key Takeaways: With the fall calf run now upon us, producers are finally getting a glimpse of what their realized profits will be for 2026. Some producers may have already obtained a strong estimate of 2026 revenues, especially if calves were forward sold in, for example, the mid-summer...
As fall begins, wild migratory birds are starting their seasonal migration. That has the industry and government officials worried about the potential spread, again, of highly pathogenic avian influenza (HPAI). Some members of Congress have called for the United States to be prepared for a pote...
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.