House Ag Committee Chairman Michael Conaway (R-Texas) outlined the key areas for the next farm bill at the recent Commodity Classic and indicated the industry would likely have a plan of action for MPP reforms. Sure enough, the NMPF released its recommendations this week.House Agriculture Committee Chairman Michael Conaway (R-Texas) outlined the key areas for the upcoming farm bill at the recent Commodity Classic. He highlighted three main issues: cotton, the county Ag Risk Coverage (ARC) shallow loss program and the dairy Margin Protection Program (MPP). Conaway indicated that the industry, both producers and processors, would likely have a plan of action for MPP reforms. Sure enough, the National Milk Producers Federation (NMPF) then rele...
What You Need to Know Today: The corn and soybean markets closed slightly higher in low-volume trade. The wheat market was mixed, with HRW continuing its downward trek on improved moisture. As expected, the bearish cattle on feed report drove down cattle prices and pulled hogs down with it. Mi...
USDA’s monthly cattle on feed report was released today. The total number of cattle on feed in feedlots with 1,000 head or more capacity amounted to 11.6 million head, 102 percent of last year. Source: USDA, WPI Placements were up, but part of that is attributable to persistent drought c...
Let’s return briefly to the fake meat hype cycle, now sitting somewhere in a dusty corner of your mind, not entirely forgotten. What happened to all those products, known as plant-based alternative proteins? They were supposed to be as good as real meat—cheaper, more environmentally...
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.