USDA will release its monthly WASDE report next week on 12 July. This will be the first to include the tariffs in effect on U.S. ag exports to Canada and Mexico, which are retaliation for those imposed by the U.S. on steel and aluminum imports, in the projections. Canada has implemented new tariffs on $12.6 billion worth of U.S. goods. The retaliation list consists of items that will put political pressure on the Trump administration (e.g. steel, forest products and other manufactured goods) while trying to minimize the impact on Canadian consumers. Agricultural commodities and products subject to the duties include a number of processed products from sauces to condiments and confection but also beef. Mexico’s tariffs hit pork legs 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...
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.