One of the metrics we’ve been watching as a sign of herd rebuilding is the number of heifers as a percent of on feed inventory. However, we’re in new territory. For the first time since heifer on feed reporting began in 1996, the inventory of replacement heifers has fallen below Heifers on Feed inventory. Even during the tightest inventory levels in 2013, the gap was more than 1.3 million head greater for replacement heifers. There are a number of factors that can help explain this other than tight cattle supplies and drought in the U.S. leading to herd liquidation. First is the supply of cattle coming from Mexico. That supply was interrupted by the discovery of New World Screwworm in November. Between late November and t...
World Perspectives, Inc. is pleased to announce a new member to our team. Cortney Zimmerman joined WPI in January as the Communications Manager. In this role, she supports the editing, production, and publication of the firm’s market analysis and written reports, working closely with anal...
WPI Grain Prices and Freight Rate App Note: you can also visit the app directly by clicking here. Supplemental Information The section below offers a concise view of the options available in the current version of the WPI FOB Price and Freight Rate app, along with a short “...
What You Need to Know Today: Excitement over China’s agreement to purchase $17 billion of U.S. ag commodities subsided, as traders are cautious amid the yet-unspecified allocation of those purchases. Monday’s Crop Progress report did not significantly change the narrative for corn...
From WPI Consulting
Communicating importance of value-added products
Facing increasing pressure to quantify the value of export promotion efforts to investors, a U.S. industry organization retained WPI to develop a quantitative model that better communicated the importance of exports. The resulting model concluded that value-added meat exports contributed $0.45 cents per bushel to the price of corn, increasing support for that sector’s financial support of WPI’s client. In addition to serving the red meat industry with this type of analysis, WPI has generated similar deliverables for the U.S. soybean and poultry/egg industries.