Livestock Feed Costs Continue to Surge Courtesy of rising costs for corn, corn byproducts, and soymeal, major feed mills announced another round of price hikes this week. In addition, with the Golden Week holiday set to start on Saturday, many oilseed crushers have cut back or suspended operations. The proposed increases for feed products range from RMB 50 to 300/MT ($7.15 to 42.92/MT). In some regions of the country, soymeal with just 43 percent protein reached an average price of RMB 5,200/MT ($743.92/MT), the highest level in a decade. National Live Hog Price Up More Than 3 Percent Last Week Domestic hog prices have been on a tear in September. Even with steady releases of frozen pork from state-owned reserves, the volumes remain rel...
What You Need to Know Today: Markets got a surprise with a corn yield of 181.2 bushels/acre in the October WASDE, above the average estimate of 177.6 bushels/acre and up from USDA’s September estimate of 178.5 bushels/acre. Although stronger demand is expected to absorb some of the addit...
The USDA has lowered its 2026 red meat production forecasts slightly while forecasting a slight increase in broiler production. Beef is now projected at 24.802 billion pounds, 75 million pounds less than in September. Cow slaughter is expected to be up; however, this will be offset by lower ste...
From WPI Consulting
Forecasting developments in production agriculture
On behalf of a private U.S. agricultural technology provider, WPI’s team generated an econometric model to forecast the movement of concentrated corn production north and west from the traditional U.S. Corn Belt. WPI’s model has subsequently provided quantitative support to a multi-million-dollar investment into short-season corn variety development. WPI’s methodology included a series of interviews with regional grain elevators and seed consultants. Emphasizing outreach and communication with stakeholders who possess intimate sectoral knowledge – on-the-ground insights – is a regular component of WPI’s methodologies, made possible by WPI’s ever-growing network of industry contacts.