High Protein Meal Prices Protein meal prices in India have increased significantly in the last year (even month-to-month), as has demand for protein meal in livestock feeds.One main ingredient for poultry feed is soymeal, the prices of which are up more than 9 percent against last month and up nearly 27 percent against last year. The increased prices have affected the usage of soymeal in broilers and layers, and manufacturers have shifted to using other protein meals like rapeseed/mustard. The prices of these alternatives are also up on a monthly basis by 3.70 percent and up on a yearly basis by 82.46 percent.In 2011/12 (April 2011 – March 2012) protein meal exports totaled 5.522 MMT against 5.071 MMT the previous year, an increase of 8...
What You Need to Know Today: Cattle futures extended their sharp selloff Friday as weakening cash cattle prices, deteriorating feedlot profitability, and reduced packer demand continued to weigh on the market. The inability of futures to sustain a rally following last week's bullish Cattle on...
As predicted, the Federal Reserve held rates steady at the last meeting before the midterm elections, likely in part because of the election (see WPI 19 October and 22 September). The decision comes at the tail end of a midterm election cycle that has been marked by the two parties campaigning...
Key Takeaways: WPI’s new EU rapeseed crushing margin models point to weaker processing returns over the next four months due to higher rapeseed procurement costs and weaker product values. Statistical forecasts call for German crushing margins to decline from €181/MT to €...
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.