What's New

• 300 new daily price series covering major beef, pork, and lamb products

• Real-time daily updates to ensure you have the latest market data

• Coverage across different cuts, grades, and products

How to use in Vesper:
Prices Widget

• Easily track and monitor daily price movements for all meat categories

• Quick access to historical trends and current market conditions

• Ideal widget for efficient price monitoring

Cost Models

• Incorporate new meat price data into custom recipe breakdowns

• Build cost models that reflect your product’s market pricing

• Create detailed analyses for food service, retail, and manufacturing applications

Price Comparison

• Compare meat prices against other commodity products

• Identify correlations and patterns between different protein markets

Getting Started

The new meat price series are immediately to users with Meats&Poultry in their commodity package. To begin using this data:

1. Use the Prices Widget to explore individual price series

2. Use the Price Comparison to analyze relationships between meat and other commodities

3. Access Cost Models to incorporate the new data into your custom analyses

Questions or Support

For questions about the new meat price series or assistance with implementation, please contact our support team at: [email protected]

Summary: Vesper has launched Cost Models, a powerful new feature that transforms individual commodity benchmarks into complete product cost insights. This capability allows food manufacturers to combine weighted commodity benchmarks with standardized non-ingredient costs to build accurate product pricing models, delivering unprecedented visibility into true product economics.

What's New:

• Build complete product cost models by combining multiple commodity benchmarks with precise weightings

• Access industry-standard non-ingredient costs (labor, manufacturing, overhead) specific to your region

• Choose from our template library for common food products or create custom models

• Track how each component contributes to your total product cost with automatic updates whenever source prices change

Why It Matters: With record-high volatility across food commodities, understanding how ingredient changes impact finished products is critical for maintaining margins. Cost Models provide complete cost structure visibility for your entire organization: procurement teams can verify supplier price increases, finance can track margin impacts across product portfolios, and sales teams can justify price adjustments to customers with independently verified data. Non-ingredient costs can represent up to 47% of total product costs—a critical component that's now visible alongside your commodity benchmarks.

How to Use It:

1. Access Cost Models through the main dashboard menu

2. Choose between starting with a template or building a model from scratch

3. Select ingredients from your available commodities and assign precise weightings

4. Add country-specific non-ingredient costs by selecting your industry and location

5. Save your model to track cost evolution over time as prices update automatically

Related Features: Cost Models integrates seamlessly with Vesper's existing capabilities:

• Individual commodity price benchmarks (VPI, Partner prices, and Public benchmarks found in prices widgets)

• Incorporate into your own custom dashboards

• Coming in Q3 2025: Forecasting capabilities for your cost models

Summary: New wheat flour price calculator now available, combining MATIF milling wheat prices with production costs to estimate realistic flour market values.

What's New:

• Wheat flour price calculation based on MATIF futures

• Customizable input parameters including:

  • Wheat purchase price (FOB French Ports)

  • Original protein content

  • Target protein content

  • Vital wheat gluten price

• Integration of key production cost factors:

  • Electricity consumption

  • Water usage

  • Milling efficiency rates

  • Labor costs

• Medium-sized miller operational model

• Located in Calculations Page under Grains & Feed

Why It Matters: Raw wheat prices tell only part of the story. This calculator helps you understand the full cost structure of flour production, enabling more informed negotiations and better prediction of price movements. Best of all, you can adjust the parameters to match your specific situation and market conditions.

How to Use It:

1. How to Use It:

   1. Navigate to the Calculations Page

   2. Select Grains & Feed category

   3. Choose "Wheat Flour Price - MATIF" calculator

   4. Adjust the input parameters to match your needs

   5. View the calculated theoretical EXW flour price

Part of our expanded grains coverage in Q4 2024, which includes:

• New import/export flow data for grains and flour

• Enhanced production data coverage

• Additional benchmark pricing for grains and flour products

Together, these tools give you a complete view of the market from trade flows to final product costs.

Summary: Major expansion of global import/export data coverage across grains, nuts & seeds, and food ingredients - helping you track trade flows and assess supply & demand dynamics.

What's New:

• Grains & Flour

  • Complete trade data for wheat, corn, and specialty grains

  • Coverage of various flour types and grain derivatives

  • Bakery product trade flows

• Nuts, Seeds & Dried Fruits

  • Comprehensive data for tree nuts (both in-shell and shelled)

  • Coverage of dried fruits and specialty seeds

  • Full trade flow visibility for key origins

• Food Ingredients

  • Starches & Gluten

  • Natural & artificial thickeners

  • Egg products & derivatives

  • Essential oils & flavorings

  • Food additives & preservatives

  • Sauces & condiments

Why It Matters: Import/export data provides crucial market context beyond prices. These trade flows help you:

• Assess global supply & demand dynamics

• Track market movements across regions

• Identify emerging trends in your category

• Make more informed buying decisions

How to Use It:

1. Navigate to the Import/Export widgets

2. Select your category and product

3. View import/export flows through our interactive visualizations

4. Use one of 5 different widgets to make trade data actionable

Note: This is our largest trade data expansion beyond our existing coverage in Dairy, Oils & Fats, and Sugar, with more categories coming soon.

Summary: Added grain prices and 6-month forecasts for North America and Europe, with daily and weekly updates.

What's New:

• Regional coverage:

  • North America: CA, US

  • Europe: AR, DE, IT, NL, PL, SE, TR

• Products covered:

  • Barley

  • Corn

  • Durum Wheat

  • Flax

  • Millet

  • Oats

  • Rye

  • Wheat

Why It Matters: More frequent price updates and forward-looking data help you track market movements and time purchases better.

How to Use It:

1. Open Dashboard

2. Find the data available both in the price, price comparison, and price forecast widgets

3. Filter by region and product

Summary: Expanded vessel lineup tracking with insights into Russia and Ukraine through UkrAgroConsult, providing trade insights weeks/months ahead of official customs data.

What's New:

• Live vessel tracking for:

  • Vegetable oils & oilseeds, and Meals

  • Grains and Pulses

  For Russia and Ukraine exports

Why It Matters: See actual trade movements weeks before official reports, helping you spot supply shifts and market trends as they happen.

How to Use It:

1. Select the Vessel Lineup Table widget on your dashboard

2. Select Russia or Ukraine as origin

3. Filter by product

Summary: Weekly public quotations now available for key UK grain products including wheat (milling bread, other milling, feed), barley (malt, feed), and oats (milling).

What's New:

• Weekly price benchmarks for 6 UK grain products

• Data integrated directly into your pricing widgets

• Historical price trends included

Why It Matters: Track price developments in the UK grains market with weekly updates, giving you clear visibility into regional market movements for both milling and feed grade products.

How to Use It:

1. Navigate to your pricing widgets

2. Select the product and region from the product filter

3. Add notifications, compare prices, or use any other feature in the Vesper toolbox as needed

Summary: Get earlier insights into import/export movements with new vessel line-up data for Argentina, covering a comprehensive range of oils, fats, and grains.

What's New: Oils & Fats Coverage:

• Biodiesel
• Ethanol
• Canola oil
• Corn oil
• Soybean oil
• Sunflower oil
• Soya hull pellets
• Soybean meal
• Canola
• Olein and more

Grains Coverage:

• Barley
• Corn
• Rice
• Sorghum
• Wheat

Why It Matters: Vessel line-up data provides early indicators of trade flows, helping you anticipate market movements before official trade data becomes available.

How to Use It:

1. Navigate to vessel line-up section
2. Filter by product category
3. Monitor upcoming shipments
4. Compare with historical patterns

→ View Vessel Line-up data: app.vespertool.com/dashboard/trade

Need help? Contact your customer success manager or email [email protected]

Summary: Access real-time grains news with our AI-powered news feed, covering global markets across cereals and whole grains.

What's New: Comprehensive news coverage for:

• Cereal and Whole Grains:

  • Sorghum

  • Corn

  • Wheat

  • Rice

  • Alfalfa

  • Peas

  • Barley

  • Semolina

  • Additional products

Why It Matters: Our unique AI model selects and filters the most relevant global grains news in real-time, helping you stay informed of market developments as they happen.

How to Use It:

1. Visit the News section

2. Filter for Grains category

3. Set up custom alerts for specific products

4. Stay updated with real-time notifications

Need help? Contact your customer success manager or email [email protected]