World Perspectives
livestock farm-inputs

Precious and Wasteful

Wasteful Figures The UK is challenging a European Commission goal of halving food waste by 2020, which is claimed to be 89 million tons annually. Part of the British query is why this is a significant issue. A WPI curiosity is why the European waste number is so much larger than the estimate for their American counterparts. The latest U.S. estimate is 1.8 million tons wasted in processing and retail (excluding waste in home kitchens). Moreover, U.S. industry says that 73 percent of its waste goes to animal feed and 20 percent to fertilizer use. In the end, it is all about economics. There is less waste where food is precious and consequently costs take a larger share of income. That is hardly a desirable policy solution. Precious Meat...

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feed-grains soy-oilseeds wheat

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feed-grains soy-oilseeds wheat

Summary of Futures

Dec 25 Corn closed at $4.315/bushel, down $0.0275 from yesterday's close.  Dec 25 Wheat closed at $5.5025/bushel, up $0.0675 from yesterday's close.  Jan 26 Soybeans closed at $11.215/bushel, down $0.1275 from yesterday's close.  Dec 25 Soymeal closed at $317.4/short ton, down $3...

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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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