China’s estimated soymeal inventories fell sharply last week for the first time since the end of February. They have totaled more than 1 MMT since the week ending 18 March, but two factors brought the overall total down. Oilseeds Soymeal Inventories Decline China’s estimated soymeal inventories fell sharply last week for the first time since the end of February. They have totaled more than 1 MMT since the week ending 18 March, but a decrease in the crushing industry’s utilization rates and rock bottom pricing brought the overall total down to 990,000 MT last Friday, a drop of 156,000 MT (-13.57 percent) from the week prior and 158,000 MT (-13.76 percent) lower than the same week a year ago. Among the surveyed regions, the only incr...
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.