USDA’s monthly cattle on feed report for February will be released tomorrow. Analysts’ pre-report consensus estimates are for the total inventory on feed to be 98.4 percent of a year ago. Those estimates imply an on-feed inventory of 11.53 million head. The total inventory on feed...
Key Market Developments Today’s theme was geopolitics and economics. Tension between the United States and Iran escalated despite reports of an “understanding” reached during Tuesday’s nuclear discussions. Iran temporarily shut parts of the Strait of Hormuz during milita...
Tariff Impacts Calculating the impacts of President Trump’s tariffs is heavy fodder for economists. Many made predictions about their impacts long before the rubber even met the road. Predictions of a tariff-caused recession have been debunked, and there is little impact on inflation. Now...
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.