Poultry and poultry products are among the most efficient converters of grain into animal protein products. The feed conversion ratio (FCR) for eggs at 2/1 or less is only beaten by farmed fish like catfish. The global average FCR includes backyard hens that may not be fed an optimal diet and thus have a lower FCR. Still, the farmgate price of eggs is highly correlated to the cost of corn, a primary feed ingredient. Eggs tend to be expensive in places like Hong Kong or Switzerland. The number one per capita consuming country for eggs is Mexico, at 409 eggs/year. Japan (337/capita) and Colombia (334/capita) are also high consumers of eggs. Must as poultry is substituted for pork and beef as animal protein prices rise, egg consumption should...
Key Market Insights The broad market is locked in on this week’s Trump-Xi meeting in Beijing, but this is no longer just a trade summit. Increasingly, the meeting is becoming tied directly to Iran, energy security, and the growing global economic fallout from disruptions through the Strai...
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.