World Perspectives
livestock

U.S. and Canadian Livestock Inventories

Yesterday, NASS and Statistics Canada released the 1 July cattle inventory in the two countries. Combined, the inventory was 106.1 million head, which was down to 99 percent of 2023 (the USDA suspended the July inventory report in 2024 due to budget constraints) and down to 92.4 percent of 2020. The total number of cattle and calves in the U.S. was 94.2 million head, 99 percent of 2023 and a scant 92 percent of 2020. The Canadian cattle inventory was 11.905 head, 101 percent of last year and just 94.7 percent of 2020. This indicates a long-term tightening of the cattle supply, which is adding pressure to beef prices.  In the U.S., all cows and heifers that have calved, at 38.1 million head, were down to 99 percent of 2023 and in Canad...

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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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