The U.S. Energy Information Agency published its latest forecast for energy use through 2050 and it foresees no slackening in demand. Its projection for demand for petroleum and other liquid fuels only varies based on assumptions about economic growth and petroleum prices. This projection does not break out liquid fuels like biodiesel and ethanol, but presumably they are inherent in the calculations. Vegetable oil prices have been on an even faster growth rate than overall fuel demand growth. This will continue as substitutions for petroleum particularly in the transportation sector remain high. However, not all fuel sources are being treated equally. Malaysia is currently testing the use of palm oil as a jet fuel mix at the same tim...
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.