Livestock Feed Demand Slows in Q4 Data from the surveys of China’s Ministry of Agriculture and Rural Affairs (MARA) Affairs and the China Feed Industry Association show feed output for October at 25.2 MMT. That represents a .2 percent increase from a year ago but a month-on-month decline of 4.1 percent. Market sentiment suggests feed output fell even further in November. Through the first ten months of 2021 feed production has reached 243.6 MMT, a 14.9 percent improvement over the same period for 2020. Of that total, 106 MMT has gone to the hog sector, a 49.5 percent jump from the year prior. Meanwhile, high prices for corn and soybeans have pushed feed manufacturers to announce their third price hike in the past month. These...
What You Need to Know Today: Russia rejected calls for a ceasefire in the Black Sea, including a proposal to halt attacks on civilian shipping that could help restore grain flows from Ukrainian ports. Tyson Foods announced plans to permanently close its Joslin, Illinois, beef processing facili...
The big news in the cattle markets yesterday was Tyson Foods’ move to close two more beef plants. One of them, the Joslin, Illinois, plant was shuttered immediately after the announcement. The other, in Eagle Mountain, Utah, is a case-ready plant that does not slaughter cattle. Tyson also...
The Bureau of Labor Statistics (BLS) released the Consumer Price Index (CPI) on Wednesday. In July, the CPI rose 0.1 percent, seasonally adjusted, and rose 3.4 percent over the last 12 months, not seasonally adjusted. The index for all items less food and energy, or the “core” infla...
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.