August 2023 total red meat and poultry stocks were down from July and were 6.6 percent below August 2022 as beef and pork stocks continue to tighten. Once again, the big shock from the report was the decline in beef supplies that pulled red meat stocks down 15.4 percent from August 2022. Pork stocks were sharply lower as well and declined 13.2 percent year-over-year (YoY). Total poultry meat inventories fell 0.3 percent from July, below their normal seasonal decrease, and were up 0.9 percent YoY. The report again highlights the diverging trends for red meat and poultry markets with poultry supplies increasing on industry expansion while multi-year declines in beef and hog herds are tightening supplies. ...
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.