Mar 25 Corn closed at $4.3/bushel, down $0.0225 from yesterday's close. Mar 25 Wheat closed at $5.4825/bushel, up $0.0075 from yesterday's close. Jan 25 Soybeans closed at $9.8375/bushel, down $0.08 from yesterday's close. Jan 25 Soymeal closed at $291.9/short ton, up $1.5 from yesterday's close. Jan 25 Soyoil closed at 41.42 cents/lb down 0.72 cents from yesterday's close. Feb 25 Live Cattle closed at $188.325/cwt down $0.75 from yesterday's close. Jan 25 Feeder Cattle closed at $256.95/cwt down $2.35 from yesterday's close. Feb 25 Lean Hogs closed at $86.35/cwt down $1.5 from yesterday's close. Jan 25 WTI Crude Oil closed at $68.68/barrel down $1.26 from yesterday's close. ...
Key Takeaways: The U.S. sheep industry is contracting. Lamb output and producer participation have declined sharply. Imports now account for most U.S. lamb consumption. Their roughly 70 percent share raises concerns about domestic capacity and resilience. USTR’s referral carries substant...
Yesterday, the USDA released its monthly World Supply and Demand Estimates (WASDE), forecasting tighter beef and pork supplies and growing broiler supplies, resulting in a tighter red meat supply. Broiler production, however, continues to grow and is forecast to be up more than 3 percent. Beef...
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.