WHEAT Harvest progressed by 11.5 percent during the week, lifting completion to 45 percent of the harvestable area. Fieldwork moved across the central agricultural region at a normal pace, with yields continuing to surpass historical averages. Most of the remaining standing area was either drying down to meet delivery standards or reaching the final stages of grain filling. While harvest progress aligned with recent years’ averages, yields remained clearly above them, and production estimates stayed above 25 MMT. Activity slowed in parts of the core region due to scattered rains but yields there remained exceptional at around 6 MT/ha, with some fields exceeding 10 MT/ha. Truck deliveries to ports stayed notably high. Nearly 2 MMT of w...
What You Need to Know Today: Markets got a surprise with a corn yield of 181.2 bushels/acre in the October WASDE, above the average estimate of 177.6 bushels/acre and up from USDA’s September estimate of 178.5 bushels/acre. Although stronger demand is expected to absorb some of the addit...
The USDA has lowered its 2026 red meat production forecasts slightly while forecasting a slight increase in broiler production. Beef is now projected at 24.802 billion pounds, 75 million pounds less than in September. Cow slaughter is expected to be up; however, this will be offset by lower ste...
From WPI Consulting
Communicating importance of value-added products
Facing increasing pressure to quantify the value of export promotion efforts to investors, a U.S. industry organization retained WPI to develop a quantitative model that better communicated the importance of exports. The resulting model concluded that value-added meat exports contributed $0.45 cents per bushel to the price of corn, increasing support for that sector’s financial support of WPI’s client. In addition to serving the red meat industry with this type of analysis, WPI has generated similar deliverables for the U.S. soybean and poultry/egg industries.