Higher Feed Prices Affect Margins for Small Poultry Farmers Corn prices in the state of Andhra Pradesh reached a high of $232/MT, while soybean meal reached an all-time high of $660/MT. Broiler feed is currently available delivered at $446-464/MT. These higher feed prices are making it difficult for farmers to earn a profit. A month ago (early June) broiler prices in Hyderabad /Bangalore ranged between $1.44-1.57/kg (live), but they have since come down to $1.07/kg (live). The cost of production, on the other hand, has increased to $0.98/kg (live). With added cost of delivery, farmers will be selling at a slight loss or at breakeven.Because of the poultry disease situation across India's southern belt back in April, there were fewer plac...
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
Accountability and a comprehensive approach to export programming
WPI’s team helped construct a strategic approach to develop, implement, and track promotional activities in 8 key regions across the globe for an agricultural export association. With continued progress measurement and strategic advisory services from WPI, the association has seen its ROI from investments in promotional programming increase by 44 percent over the past 5 years. Not only does this type of holistic approach to organizational strategy provide measurable results to track and analyze, it fosters top-down and bottom-up organizational accountability.