The state's new temporary purchase and reserve polices for corn were released last week, which together with another factor should drive up Chinese processors' utilization rates in the near term. Oilseeds Improving Feed Demand Drives down Meal Inventories Again As feed demand continues to rise, last week's estimated soymeal inventories totaled 1.01 MT, a 200,000 MT drop from the previous week and 250,000 MT lower than the same week in 2014. Among the surveyed areas, the only two regions where those inventories increased from the previous week were northern and northeastern China where they rose 9.48 percent to 153,600 MT and 14.5 percent to 63,300 MT, respectively. In sharp contrast, they declined significantly in the provinces of Shando...
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
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.