According to the U.S. Meat Export Federation (USMEF), the country's beef exports dropped in May by 14 percent in volume and 6 percent in value compared with a year ago. Red Meat Exports Down in May According to the U.S. Meat Export Federation (USMEF), the country's beef exports dropped in May by 14 percent in volume and 6 percent in value compared with a year ago. Volume was 88,466 MT and value was $556.7 million. This is first decrease in value since January 2015. January-May exports totaled 430,393 MT, a 10 percent decline against the same period in 2014, but the export value was up 2 percent. Exports accounted for 13 percent of beef production, down from 14 percent last year.Pork exports totaled 184,865 MT in May, 2 percent lower than...
What You Need to Know Today: Russia rejected calls for a ceasefire in the Black Sea, including a proposal to halt attacks on civilian shipping that could help restore grain flows from Ukrainian ports. Tyson Foods announced plans to permanently close its Joslin, Illinois, beef processing facili...
The big news in the cattle markets yesterday was Tyson Foods’ move to close two more beef plants. One of them, the Joslin, Illinois, plant was shuttered immediately after the announcement. The other, in Eagle Mountain, Utah, is a case-ready plant that does not slaughter cattle. Tyson also...
The Bureau of Labor Statistics (BLS) released the Consumer Price Index (CPI) on Wednesday. In July, the CPI rose 0.1 percent, seasonally adjusted, and rose 3.4 percent over the last 12 months, not seasonally adjusted. The index for all items less food and energy, or the “core” infla...
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.