Cattle on Feed It will be no surprise to WPI readers that the industry is expecting a bullish Cattle on Feed report this Friday. Supplies are expected to decline once again from year-ago levels. WPI’s models look for a 1.4 percent reduction in on-feed inventories as of 1 July, which is slightly above the average pre-report estimate from the Dow Jones’ survey. The reason for our forecast being above the average guess is that our placement models suggest a 2.4 percent increase in June placements, whereas the Dow Jones’ survey’s highest estimate was 100 percent of last year. WPI readers will recall that there are few data sets from which to draw predictions about feeder cattle placements and they are essentially...
What You Need to Know Today: There has already been a strong run of flash soybean sales announcements in recent weeks, but more than 1.4 MMT reported this morning is an exceptionally large single-day total with major implications for the market. If the sales to China and unknown destinations w...
On Friday, at 6:57 AM, President Donald Trump announced, via a social media post, a 90-day window during which up to 300,000 metric tons of product for ground beef could be imported outside of tariff-rate quotas—a move aimed at bringing down costs for American consumers. This is the secon...
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.