China's average live pig prices had been moving steadily upward through July, but several macroeconomic factors have had an impact with the first reversal since the end of February 2015 occurring two weeks ago. Oilseeds Soymeal Inventories Fall Again as Feed Mill Demand Rises As feed mills continue to amass supplies, last week's estimated soymeal inventories declined once again. The current total stands at 1.27 MMT, a drop of 100,700 MT (-7.36 percent) from the previous week and 518,100 MT lower (-29.04 percent) than the same week a year ago. Among the surveyed regions, only Shandong Province saw a gain of 5.85 percent to 192,400 MT as a result of the processing industry's rising utilization rate. By contrast, northeast China saw it...
What You Need to Know Today: After a period of limited activity, USDA reported a sizeable 613 KMT in soybean export sales, including 330 KMT to China and 283 KMT to unknown destinations, potentially also China. The purchases represent a meaningful pickup in demand and bring China closer to ful...
Key Takeaways: Consumer spending is a key driver of the U.S. economy, and the latest retail sales data indicate that spending remains robust despite inflation. In September, total retail and food service sales rose more than 6 percent year-over-year, with food service spending up 7 percent and...
The Trump import plan for 300,000 MT of beef supplies used for ground beef, i.e., lean trim, from September through November has, according to Secretary Brooke Rollins, brought some relief to beef prices. The Executive Order states that the Secretary of Agriculture will analyze and review the m...
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.