With the back and forth on the shipments of grain out of the Ukraine, live cattle futures prices started to decrease as feed prices signaled that cattle would come to market quicker. The nearby December contract is now trading at about par with the negotiated market indicating that futures are following the market, not leading it. Prices moving forward will depend on corn. Competition for replacement feeder cattle is strong and will be more competitive through the end of the year and into 2023. Declining supplies of feeder cattle and the rate and location of grazing improvement will result in some feedlots entering the winter less than full. The number of forward contracted cattle has declined in the last week as d...
What You Need to Know Today: There has already been a strong run of flash soybean sales announcements in recent weeks, but more than 1.4 MMT reported this morning is an exceptionally large single-day total with major implications for the market. If the sales to China and unknown destinations w...
On Friday, at 6:57 AM, President Donald Trump announced, via a social media post, a 90-day window during which up to 300,000 metric tons of product for ground beef could be imported outside of tariff-rate quotas—a move aimed at bringing down costs for American consumers. This is the secon...
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.