Based on conversations with traders this past week, the average landed prices in China for U.S. DDGS have been RMB 1,400-1,450/MT ($221.20-229.10/MT). They noted inventories of these particular stocks have remained high, which should put even more pressure on China’s domestic corn. Oilseeds Soymeal Prices Holding Firm Following Autumn Holidays With the conclusion of the National Day holiday last week, the reported estimated soymeal inventories were below the pre-holiday figures. At 887,800 MT, last week’s total is 92,200 MT lower than at the end of September and 236,400 MT less than the same week in 2014. As noted previously, about half of China’s soybean crushing facilities were idle during the holiday. However, utilization rates actual...
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.