India's retail inflation reached a 21-month high of 5.76 percent in May 2016, largely fueled by protein demand, espcially for pulses. The expected good monsoon may slowly improve the situation, but GOI is also considering steps to control prices. GOI Boosts Pulses Imports and the Buffer Stock as Retail Inflation Rises India's retail inflation, measured by the Consumer Price Index (CPI), reached a 21-month high of 5.76 percent in May 2016. Surging prices of sugar, vegetables and, especially, pulses fueled the increase from 5.47 percent in the previous month. Those prices rose 11-32 percent from a year ago. Food inflation also accelerated to 7.55 percent from 6.4 percent in April.The expected good monsoon may slowly improve the situation, a...
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.