China’s domestic corn prices showed some volatility last week between northern and southern provinces as deep corn processors in the latter lacked sufficient supply. Meanwhile, producers in the northeast continue to suffer low returns as prices remain depressed. The mismatch had an impact across all regions. Oilseeds Soymeal Inventories Finally Reverse Course Since the week ending 12 August, China’s estimated total soymeal inventory had consistently fallen until the week ending 21 October when it showed an increase of 75,700 MT (+17.11 percent) from the previous week to 518,100 MT. However, that total was 190,000 MT lower (-26.83 percent) against the same week in 2015. In the north and east regions, soymeal inventories climbed to 93,800...
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.