In terms of the 2013 U.S. grain and soy harvests and what they may mean for supply and demand balances, most of the analytical attention seems to be focused on corn. We suppose this is understandable. The drought-damaged 2012 corn crop sharply reduced available corn supplies, ratcheted up both cash prices and corn futures prices to record levels, caused demand rationing as well as regional shortages and generally squeezed margins for nearly all corn users.This was followed by the "Perils of Pauline" story of the 2013 corn crop and, ultimately, the fascination of record large corn production nearing an unheard of 14 billion bushels. It is a story in itself to go from 2012/13 ending corn stocks that were built up to a minimal pipeline...
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.