China Eliminates Animal Feed Tariffs for Five Countries The Chinese government announced today that it will eliminate tariffs on imports of soybeans, soymeal, rapeseed, and fishmeal from Bangladesh, India, Laos, South Korea and Sri Lanka on 1 July. It apparently believes that this will help meet the animal feed needs of the country’s livestock and poultry sectors, which will face major problems if China imposes the threatened 25 percent tariff on U.S. soybeans on 6 July. The problem for China is that it probably won’t be able acquire many feed ingredients from those countries. Sri Lanka, Bangladesh and South Korea are net importers of soybeans and soymeal. USDA indicates India will export 1.5 MMT of soymeal, 400,000 MT of rape...
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.