World Perspectives
livestock

Turkey Demand Zooms

The U.S. is the largest producer and consumer of turkey meat in the world. U.S. turkey production equates to 45 percent of the world’s total and while global trade is small, it is usually supplied by American producers. Production typically peaks in October as suppliers seek to fill the outsized demand of a single day, the Thanksgiving holiday in November.  While the annual expansion in turkey production has been averaging 1.3 percent, production thus far in 2020 is down 1.33 percent from 2019. No doubt COVID has had its implications. At the same time, families will likely be gathering by Zoom this year, which means turkey demand will be spread across more households. This is likely to mean higher prices as a lower supply chases...

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livestock

Livestock Industry Margins

Beef packer margins reversed sharply to -$17/head from $120/head the prior week, as rising fed cattle prices more than offset a modest decline in the Choice cutout. Fed cattle prices increased $12.92/cwt from the prior week while the cutout slipped $3.24/cwt, compressing gross margins and pushi...

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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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