Meat and Poultry Production Up 5 Percent China's National Bureau of Statistics (NBS) recently announced that the country's pork, beef, mutton and poultry production reached 57.28 MMT for the first three quarters of 2012, a 5 percent increase year-on-year. Of the total meat output, 37.54 MMT are pork, up 5.2 percent year-on-year. According to the China Meat Association, ongoing consolidation in the meat sector and continual growth in meat consumption drive up the production.Over the past 20 years, China's per capita pork consumption has grown at an average rate of 3.4 percent per year, while per capita demand for chicken has risen by more than 8 percent annually. Growing meat demand in China is driving consolidation in the meat industry.Ind...
What You Need to Know Today: U.S. weather is getting more attention this week as conditions vary greatly across the western, central, and eastern corn belts, with the different regions battling dryness and too much rain simultaneously. The ProFarmer Crop Tour began today in Indiana and Nebrask...
Key Takeaways: Argentina is on pace for a record corn crop and record exports in the current marketing year, with abundant supplies likely to keep the country highly competitive in global export markets. Argentina’s record exportable surplus is allowing it to offer highly competitive pri...
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.