World Perspectives
livestock

Livestock Industry Margins

The big story in livestock industry margins continues to be the record-breaking weakness in beef packer profits, which fell another $50/head last week to -$193/head. The surge in cattle prices and declines in slaughter weights more than offset gains in beef values and left packers with the lowest per-head profits since WPI’s records began. Feedlot margins improved for both placements and closeout sales with the rally live cattle futures and physical fed cattle values supporting the profitability gains. Southern Plains closeout margins are near five-year seasonal record highs presently. Hog packer margins dipped slightly last week as processors were able to push hog prices lower while the pork cutout retreated from the prior week. Hog...

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WPI Grain Prices and Freight Rate App  **** Note: After our recent website update, we're having difficulty correctly linking the app to this page. Until we get this fixed, please visit the app directly via the link below. ***  https://worldperspectives.shinyapps.io/Combined_FOB_Price_...

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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.

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