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feed-grains livestock softs

Livestock Roundup

Beef Drought Looking at the cattle section of the table above (Livestock and Poultry Inventories), we see a huge increase in overall cattle receipts. USDA reports that 72 percent of the continental U.S. is now rated abnormally dry or worse compared to just 32 percent last year when the Southwest had a record herd sell-off. We note that only 39 percent of receipts are heifers, down from an average of about 42 percent last year at this time, however, drought-forced sales have pushed volumes higher indicating that a herd rebuilding is postponed until next year. McChicken Plans Last week we reported that consumers are seeking protein on a budget and that the top three restaurant chains were all sandwich shops. In that vein, McDonald's ne...

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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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