Last week we reported on the deliberations for a continuing resolution appropriations bill and the policy debate on the next round of COVID. As noted, the deadline for the appropriations package is 11 December. House Speaker Nancy Pelosi (D-CA) has stated that she expects the two bills to move together, but also noted that if an agreement on the COVID package could not be reached this week, Congress could reconvene next week. As reported, the plan has $26 billion for the category “Nutrition/Agriculture” with $20 billion set aside for the CCC, but with no further details. That has drawn criticism from outgoing House Agriculture Committee Chairman Collin Peterson (D-MN). Peterson was defeated in his re-election bid and will no l...
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
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.