After yesterday's strong market, trade in soybeans and corn was rather noncommittal during the overnight session. Outside factors did not help grain and soy markets hang on to yesterday's gains either. General Comments USDA's 2015 Agricultural Outlook Forum gets underway Thursday, 19 February. The focus is on "Smart Agriculture in the 21st Century" with discussions on innovation, biotechnology and big data. As usual, the first morning's presentations include one on the outlook for U.S. agriculture and foreign trade for 2015, which will be given this year by USDA's Acting Chief Economist Robert Johansson. This will very likely include USDA's updated projections for 2015 planted acreage and yields. Supply/demand projections are usually made...
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
Communicating importance of value-added products
Facing increasing pressure to quantify the value of export promotion efforts to investors, a U.S. industry organization retained WPI to develop a quantitative model that better communicated the importance of exports. The resulting model concluded that value-added meat exports contributed $0.45 cents per bushel to the price of corn, increasing support for that sector’s financial support of WPI’s client. In addition to serving the red meat industry with this type of analysis, WPI has generated similar deliverables for the U.S. soybean and poultry/egg industries.