Most of the soy milk consumed in China is obtained from street vendors. White Wave Foods will be entering the market in a joint venture effort to convert that consumption to pre-packaged products.The leading soy milk producer in the U.S. today, White Wave Foods, announced last year that it had entered into a joint venture with a Chinese firm, China Mengniu Dairy Company. The joint venture also purchased Yashili Zhengzhou, which has a new production facility in China. Under the terms of the agreement, White Wave will have a 49 percent stake in the venture and Mengniu a 51 percent interest. The purchase price for Zhengzhou is expected to be approximately $85 million (RMB 510 million). That includes approximately $62 million (RMB 377 million)...
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
Forecasting developments in production agriculture
On behalf of a private U.S. agricultural technology provider, WPI’s team generated an econometric model to forecast the movement of concentrated corn production north and west from the traditional U.S. Corn Belt. WPI’s model has subsequently provided quantitative support to a multi-million-dollar investment into short-season corn variety development. WPI’s methodology included a series of interviews with regional grain elevators and seed consultants. Emphasizing outreach and communication with stakeholders who possess intimate sectoral knowledge – on-the-ground insights – is a regular component of WPI’s methodologies, made possible by WPI’s ever-growing network of industry contacts.