The 2017 spring wheat tour was held this week with the results released yesterday, but it overlooked two key elements.The 2017 spring wheat tour was held this week with the results released yesterday. It estimated the average yield at 38.1 bushels/acre, a drop from last year’s 45.7 bushels/acre as well as the five-year tour average of 46.8 bushels/acre and the smallest spring wheat yield estimate since 2008.The problem with the tour this year is that it basically missed the critically drought-impacted areas of central and western South Dakota, western North Dakota and Montana. It also didn’t attempt to guess how many acres will potentially be abandoned. Not only will those be abnormally high in the dry areas, yields on the acres that have b...
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...
Monday, 25 May is a U.S. holiday, and both the markets and our office will be closed. Please note that the next issue of Ag Perspectives will be published on Tuesday, 26 May. The WPI staff wishes everyone a safe and enjoyable holiday weekend...
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...
From WPI Consulting
Weighing in on strategic realignment
WPI’s team was retained by the governing board of a U.S. industry organization to review a decision, reached by vote, to invest significant assets into the development and management of an export trading company. WPI’s team conducted a formal review of this decision and concluded that the current level of market saturation would limit the benefits of the investment. Based on WPI’s analysis and recommended actions, the board subsequently reversed its decision and undertook a strategic planning effort to identify more impactful investments. On behalf of numerous clients, WPI has not only assisted in identifying strategic paths but also advised their implementation.