Donald Trump has made clear that he wants to build a wall on the U.S.-Mexican border, but today the U.S. and Mexican dairy industries decided that one needs to come down, and it is located elsewhere. Overproduction Support The EU’s Common Agricultural Policy (CAP) support may have not only encouraged Spanish farmers to grow too many olives and ship them to the U.S., but it also has resulted in too many peaches and nectarines. As a result, taxpayers will pay to remove the excess from the immediate fresh market for processing into juice. The cause of the overproduction is reportedly not the Russian import barriers, which have been reoccurring for years, but instead attributed to “structural imbalances.” Effectuating the adjustment of such i...
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
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.