World Perspectives
livestock

Cattle on Feed

Cattle and calves on feed for the slaughter market in the United States for feedlots with capacity of 1,000 or more head totaled 11.7 million head on January 1, 2019. The inventory was 2 percent above January 1, 2018. The inventory included 7.28 million steers and steer calves, down 1 percent from the previous year. This group accounted for 62 percent of the total inventory. Heifers and heifer calves accounted for 4.41 million head, up 6 percent from 2018. Placements in feedlots during December totaled 1.77 million head, 2 percent below 2018. Net placements were 1.69 million head. During December, placements of cattle and calves weighing less than 600 pounds were 445,000 head, 600-699 pounds were 460,000 head, 700-799 pounds were 402,000 h...

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Summary of Futures

Mar 26 Corn closed at $4.445/bushel, up $0.04 from yesterday's close.  Mar 26 Wheat closed at $5.0775/bushel, up $0.015 from yesterday's close.  Jan 26 Soybeans closed at $10.5225/bushel, down $0.06 from yesterday's close.  Jan 26 Soymeal closed at $298.4/short ton, up $0.2 from...

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From WPI Consulting

Illuminating the value of technical research

On behalf of a commodity producer organization, WPI evaluated the outputs from a project that featured a $5 million investment into technical research over multiple years. WPI’s team captured the results of this extensive effort and synthesized them for presentation to the organization’s governing board; among the findings uncovered and presented for the first time was the development of genomic traits proven, via rigorous testing, to provide crop yield advantages of 50 percent or more to U.S. farmers in times of drought. Capturing measurable results from long-term efforts can be challenging. Educating clients on the dynamics of success measurement when quantifiable results are not readily available requires deep client-consultant collaboration and an ability to consider both near- and long-term client aspirations with market/policy dynamics – attributes that WPI brings to every consulting engagement.

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