USDA raised its total red meat and poultry production forecasts in the August WASDE report that was released this week. These increases were based on heavier weights, given decreasing feed prices, rather than a larger volume of animals. WASDE USDA raised its total red meat and poultry production forecasts in the August WASDE report that was released this week. These increases were based on heavier weights, given decreasing feed prices, rather than a larger volume of animals. Using June data, turkeys were projected to decline somewhat, but beef, pork and broilers are all expected to increase. For 2015, the reduced number of cattle and resulting lower slaughter levels will more than offset any gains in weight, so beef production is projecte...
What You Need to Know Today: Commodities were mostly lower across the board today after yesterday’s Federal Reserve meeting hinted at a potential interest rate hike later in 2026. The dollar index reached its highest level in over a year, and a strong dollar makes U.S. agricultural expor...
Tomorrow is the Juneteenth federal holiday, and the USDA, along with the rest of the federal government and the CME, will be closed, so the monthly Cattle on Feed report was released a day early. The total number of cattle on feed in feedlots with 1,000 head or more capacity on 1 June amounted...
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.