Oilseeds Soymeal Inventory Rises on Higher Demand, Increased Output Soymeal demand improved and output increased last week as hog producers worked feverishly to reach newly established goals from both the central and provincial governments. Through 20 September, China’s nationwide estimated soymeal inventory ended at 766,300 MT, up by 24,300 MT (+3.3 percent) from the previous week. However, over the past 12 months, soymeal inventory is down by 100,100 MT (-11.6 percent). At the regional level, soymeal stocks rose in four regions and fell in three. The most significant weekly decrease occurred in the Northeast, where soybean meal inventories contracted by 11,800 MT (-25.8 percent) to 34,000 MT. Among those regions seeing incr...
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.