World Perspectives
livestock

Cattle on Feed

The 1 June cattle on feed (COF) inventory set a new June record at 11.6 million head. That was down slightly from the previous month, which was the second-highest May inventory since the data started being kept in 1996. The 1 June total also marked the 18th consecutive month that it was larger than the year prior. The placements in May were about the same as May 2017 but did come in higher than the industry’s pre-report expectations.

The only categories to decrease were the 700-799 pounds and the 800-899 pounds classes.

Beef supplies are large, including imports. Beef in cold storage is 113 percent of last year’s total. This will supply the high demand summer months with the key 4th of July holiday period coming up. Cattle...

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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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