Officials in Argentina have determined the average protein content of the country’s 2017 soybean crop is below the 20-year average for the fourth year in a row, which is attributed to one set of factors but likely involves another reason. Argentine Soybeans Haver Low Protein Content Officials with the Cereal and Oilseed Industrial Quality Division of Argentina’s National Agricultural and Livestock Technology Laboratory have determined the average protein content of the country’s 2017 soybean crop is 37.1 percent on a dry matter basis versus the 20-year average of 38.4 percent. They indicated that it needs to be 37.5–38 percent to produce soymeal with a protein content of 46.5 percent.The lead scientist conducting the study attributed the...
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.