World Perspectives
livestock

Livestock Round Up: Cattle Market Up on Tighter Supply and Demand Balance

Cattle markets have gained support of late. Foremost, this week’s slaughter, as of today, is running 6,000 head above last week.  Last week was 661,000 head, making it one of the top weeks of the year to date. This week could creep up on 670,000 head.

This higher slaughter totals may also inject a little gravity into the wholesale and retail beef markets. September saw record retail beef prices at an average of $7.40 per pound, $0.02 per pound higher than the previous record of June 2020 at the peak of the COVID impact (slaughter was at its low point due to COVID idling in May). Total pounds of beef in freezers were up 5 percent from the previous month but down 6 percent from last year.   Live cattle futures ended W...

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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.

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