World Perspectives
livestock

Livestock Roundup: Cattle on Feed Preview

USDA will release its Cattle on Feed report tomorrow; analysts’ pre-report estimates peg the total number of cattle on feed as of 1 August at 98.4 percent of August 2022. This would be the 10th consecutive month where on-feed inventories are lower than prior year levels, stretching back to late 2022.

Placements during July for the 1 August inventory are forecast to be 94.5 percent of last year and the only category to have a range of more than one percentage point. July is typically a low point for cattle placements, but the pre-report estimate would be the lowest for the month in six years. Note placements have surprised to the upside of the pre-report analysts’ consensus estimates for the past four consecutive months. Given...

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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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