World Perspectives
livestock

Cattle on Feed

USDA released its monthly Cattle on Feed (COF) report this past Friday, and many of the pre-report industry estimates were accurate (see Ag Perspectives, 19 October). The total number of cattle on feed as of 1 October was 10.8 million or 105 percent of last year, the largest October inventory since 2012. Placements in September totaled 2.15 million head or 113 percent of the same month a year ago, surpassing pre-report estimates and the largest volume for September since 2011. Marketings were 1.78 million head or 103 percent of year-ago levels. Placements were partially driven by drought conditions in the Plains, but that pace will necessarily slow moving forward. Another key point is that there was one less weekday in September 2017...

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From WPI Consulting

Communicating importance of value-added products

Facing increasing pressure to quantify the value of export promotion efforts to investors, a U.S. industry organization retained WPI to develop a quantitative model that better communicated the importance of exports. The resulting model concluded that value-added meat exports contributed $0.45 cents per bushel to the price of corn, increasing support for that sector’s financial support of WPI’s client. In addition to serving the red meat industry with this type of analysis, WPI has generated similar deliverables for the U.S. soybean and poultry/egg industries.

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