The two commodity sectors impacted by highly pathogenic avian influenza (HPAI) have made a comeback. Meanwhile, USDA’s FSIS has released a guidance document for animal raising claims that appear on meat labels. Comeback from Avia Flu The two commodity sectors impacted by highly pathogenic avian influenza (HPAI) have made a comeback. On 30 September, USDA projected 4 percent growth in the number of turkeys this year compared with 2015. That would be the largest flock increase in more than a decade. Moreover, because of the HPAI setback in 2015, turkey prices are rising as there is a shortage in cold storage and higher demand resulting from the industry’s aggressive marketing campaign. USDA is projecting the average price of frozen whole tu...
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.