Biotech Company to Develop High-Protein Soybeans and Other Crops Amfora, a San Francisco-based biotech company, today announced it is going to employ a patented technology to sharply increase the protein content of feed and food crops while reducing the carbohydrate level. A focus of the company is to develop higher-protein soybeans and alfalfa to supply the growing needs of the aquaculture sector for high-protein feed ingredients as replacement for fishmeal. While claiming it can develop soybeans that will allow the production of soymeal with the same protein content as fishmeal and soy protein concentrates, Amfora makes no mention of whether they will yield as much as the conventional type. It also intends to develop higher-protein food...
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.