Name Calling One Slammed by the lower cost of related catfish subspecies imported from Vietnam and China, U.S. catfish farmers have tried various approaches to reduce the competition. They threw AD/CVD duties at the imported fish, they lobbied the government to prevent the imported fish from being called catfish, they disparaged the imported fish by saying it was raised with chemicals and was less safe to eat, and they changed the name of their own prime catfish filets to Delicata. But their (hoped for) final action was to switch the government inspection agencies for both domestic and imported product to USDA from FDA, since the latter was perceived as less stringent. But alas, five years after USDA inspectors took over the task, t...
Key Takeaways: The CME Group is launching new 90 percent Lean Beef and 50 percent Lean Beef futures and options contracts in July. There are five key factors that must be present in physical markets and futures contract specifications for futures contracts to become successful. The two l...
What You Need to Know Today: The hot, dry weather forecast continues to drive strength in grain futures with corn and soybeans hitting another day of strong gains. Monday’s Crop Progress and Conditions data were in line with market expectations and showed relatively few concerns for the...
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.