Cattle and hog prices are feeling some pressure from lower wholesale meat prices, while the beef, pork and poultry sectors are all likely to benefit from lowered corn and soybean prices. Cheaper Feed and Record Meat Prices Impact Livestock Cattle and hog prices are feeling some pressure from lower wholesale meat prices. Since the start of the month, wholesale pork product prices have fallen nearly $20/hundredweight and beef prices are down about $11 after both hit record highs in July. Slowdown in demand from retail and restaurants at the new record prices is drawing down live prices. While beef is still limited by supply issues, pork and poultry are both starting to expand, which should help prevent beef prices from reaching their previo...
What You Need to Know Today: Commodities were mostly lower across the board today after yesterday’s Federal Reserve meeting hinted at a potential interest rate hike later in 2026. The dollar index reached its highest level in over a year, and a strong dollar makes U.S. agricultural expor...
Tomorrow is the Juneteenth federal holiday, and the USDA, along with the rest of the federal government and the CME, will be closed, so the monthly Cattle on Feed report was released a day early. The total number of cattle on feed in feedlots with 1,000 head or more capacity on 1 June amounted...
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.