The cost of beef around the world is highly variable. While the average for 97 countries is $11.40/pound for a kilo of top round or back leg equivalent, it will cost $55.58 in Switzerland and just $3.68 in Pakistan. That makes Switzerland 15 times more expensive to get a steak. Of course, it isn’t just beef that is expensive in Switzerland, but cheese is only four times more valuable in the Alps than the Karakoram. Large beef importers like Japan and South Korea have high prices, but the U.S. has a relatively average price and is both the largest beef importer and fourth largest beef exporter. Notably, exports and imports are of different qualities. Brazil is the world’s largest beef exporter and is priced at half the cos...
What You Need to Know Today: Funds remain in control of the market, which means broadly bearish trade for the ag sector. Monday’s massive corn export sale to Mexico helped trigger some short covering and a bit of other end-user buying in corn, which could help stabilize the market. Wheat...
With less than 24 hours until Election Day, control of the Senate remains a wild card. Republicans and Democrats alike say they are poised to win control of the chamber in the new Congress that starts in January 2027. The House of Representatives is more of a lost cause for continued Republican...
Key Takeaways: U.S. hog and pork prices have declined sharply, with December lean hog futures ending October at $58.875/cwt and the pork cutout reaching its lowest level since January 2021. Seasonal increases in hog slaughter and pork production have contributed to price weakness, although 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.