In a situation where milk demand is increasing by 10-11 percent and production by 3 percent, India may not be able to fulfill its needs in 2021 without drastic measures and could become a net importer of milk within the next few years. Corn and Soymeal Exports Will Not Meet Expectations India has been a successful exporter of soymeal (SBM) in the past, and the volume increased over the last few years from 2.114 MMT in 2009/10 to 3.838 MMT in 2010/11 and 3.439 MMT in 2012/13. However, it has been a slow start in 2013/14. In the first four months of the marketing year, exports have been 1.5 MMT against 1.732 MMT for the same period in 2012/13, a decline of 13.39 percent. They were a dismal 364,000 MT in January 2014 compared with 650,000 MT...
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.