U.S. DDGS exports to China surpassed 860,000 MT in May, a 48 percent increase over the same month a year ago. Although the June figures are not yet available, the April and May totals are just 9.4 percent below the entire second quarter of 2014. Growth was helped by a few critical factors. Oilseeds Soymeal Inventories Rise Again Following a decline during the previous week, estimated soymeal inventories for major crushers returned to the 1.39 MMT threshold last week with a gain of 85,500 MT. However, that is 862,400 MT or 38.2 percent lower than the total for the same week in 2014. Among the surveyed regions, the only drop occurred in northern China where inventories fell 17.79 percent compared with the week before. In contrast, the...
What You Need to Know Today: A third U.S. border crossing (Columbus, New Mexico) has reopened to Mexican cattle imports following nearly two years of restrictions related to New World screwworm. The reopening could gradually improve feeder cattle availability, although more than 60 confi...
Yesterday, the USDA’s Agricultural Marketing Service (AMS) released a new report of negotiated cash purchases of cattle under the mandatory price report. The report included Colorado, New Mexico, Oklahoma, Texas, and Kansas. The goal of the report was to solve the confidentiality issues e...
Key Takeaways: U.S. soybean crushing began in 1911 and saw its most rapid expansion during the 1930s amid the broader agricultural and technology revolutions of the time. After peaking in the early 2000s, the soybean crushing industry went through a downturn as poor crush margins forced...
From WPI Consulting
Weighing in on strategic realignment
WPI’s team was retained by the governing board of a U.S. industry organization to review a decision, reached by vote, to invest significant assets into the development and management of an export trading company. WPI’s team conducted a formal review of this decision and concluded that the current level of market saturation would limit the benefits of the investment. Based on WPI’s analysis and recommended actions, the board subsequently reversed its decision and undertook a strategic planning effort to identify more impactful investments. On behalf of numerous clients, WPI has not only assisted in identifying strategic paths but also advised their implementation.