World Perspectives
livestock

Hogs and Pigs Preview

USDA will release the quarterly Hogs and Pigs report tomorrow. All hogs and pigs as of 1 June are expected to be down 0.7 percent from last year to 72.641 million head, which would be the lowest quarterly inventory since 2018.    Analysts’ forecasts are for the totals to come in slightly below last year’s levels across most categories, with only sows kept for breeding and market hogs 180 pounds or more dropping more than 1 percent.   If accurate, the breeding herd estimate would imply the lowest number for June since 2017. March to May farrowings are forecast at 98.6 percent of last year, and June to August farrowing intentions are forecast at 99.4 percent of last year. The pig crop in March to May is...

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Summary of Futures

Sep 25 Corn closed at $4.0925/bushel, down $0.0225 from yesterday's close.  Sep 25 Wheat closed at $5.3825/bushel, down $0.025 from yesterday's close.  Nov 25 Soybeans closed at $10.27/bushel, up $0.0225 from yesterday's close.  Aug 25 Soymeal closed at $275.8/short ton, up $0.2...

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From WPI Consulting

Illuminating the value of technical research

On behalf of a commodity producer organization, WPI evaluated the outputs from a project that featured a $5 million investment into technical research over multiple years. WPI’s team captured the results of this extensive effort and synthesized them for presentation to the organization’s governing board; among the findings uncovered and presented for the first time was the development of genomic traits proven, via rigorous testing, to provide crop yield advantages of 50 percent or more to U.S. farmers in times of drought. Capturing measurable results from long-term efforts can be challenging. Educating clients on the dynamics of success measurement when quantifiable results are not readily available requires deep client-consultant collaboration and an ability to consider both near- and long-term client aspirations with market/policy dynamics – attributes that WPI brings to every consulting engagement.

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