World Perspectives
livestock

More China Pork

As noted yesterday, China’s pork imports appear to have recently turned higher despite supposedly over-abundant and under-valued domestic supplies. In an article about the over-supply of pork in the U.S. market, the Wall Street Journal cited declining sales to China during the first 11 months of 2023. But that may be an oversimplification. U.S. pork exports to China for the complete marketing year were down, but by just 3.5 percent. And commitments were off by only 2.4 percent. Looking at more recent data, marketing year to date pork purchase commitments by China from the U.S. are up 10.3 percent year-on-year, and actual pork shipments are up 23 percent. But again, using only part of a marketing year’s data can be deceptive as...

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Cattle on Feed Report

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Dec 24 Corn closed at $4.255/bushel, down $0.0125 from yesterday's close. Mar 25 Wheat closed at $5.6475/bushel, down $0.0475 from yesterday's close. Jan 25 Soybeans closed at $9.835/bushel, up $0.0575 from yesterday's close. Dec 24 Soymeal closed at $289.2/short ton, up $1.5 fro...

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Dec 24 Corn closed at $4.255/bushel, down $0.0125 from yesterday's close. Mar 25 Wheat closed at $5.6475/bushel, down $0.0475 from yesterday's close. Jan 25 Soybeans closed at $9.835/bushel, up $0.0575 from yesterday's close. Dec 24 Soymeal closed at $289.2/short ton, up $1.5 fro...

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Market Commentary: New Lows for Soybeans; Corn, Wheat Fall on Export Data

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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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