While USDA's 2017/18 projections of early May are vulnerable to a multitude of moving variables that will ultimately determine the actual outcome, they can be a signal of trends to come.It is hoped that yesterday’s discussion regarding projections for U.S. and world 2017/18 grain and oilseed supply/demand contained in the May WASDE (see Ag Perspectives, 10 May) did not appear to be too dismissive. USDA analysts put forth these forecasts at a time when Northern Hemisphere winter wheat crops are still actively developing and most spring planted crops are not even in the ground. Southern Hemisphere crops have become increasingly important to world supply/demand balances, and they are months away from being planted. This means that 2017/18 fore...
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.