The House Agriculture Subcommittee on Livestock, Dairy and Poultry held a hearing yesterday, entitled "A Review of Animal Agriculture Stakeholder Priorities.” There was a clear consensus on two key issues among cattle, pork, and turkey producers as well as the packers and processors. First, all oppose the Administration’s new Packers and Stockyards Act regulatory proposals; as WPI has written previously, USDA announced a suite of three proposed rules, two of which have been published. As noted by the National Cattlemen’s Beef Association (NCBA), the rules stem from the 2008 farm bill, and have been proposed in 2010, 2012, and again in 2016. A rule was adopted in 2020, taking effect in 2021, but USDA has re-proposed change...
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.