USDA Notes: The U.S. soybean crush for 2019/20 is projected at 2,115 million bushels, up from the 2018/19 forecast with higher soybean meal disappearance partly offset by lower soybean meal exports. Soybean meal prices are forecast at $290 per short ton, down $15.00 from 2018/19. Global protein meal consumption is projected to increase 2 percent in 2019/20, compared to the prior 5-year average of 4 percent. Protein meal consumption growth in China is flat, largely due to suppressed feed demand from outbreaks of African Swine Fever. ...
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.