World Perspectives
livestock

WASDE Bullish Cattle, Uncertain for Hogs

Most eyes on today’s WASDE were looking at the crop side since this is the first look at the 2023-24 supply and demand numbers. The livestock projections for 2023, however, saw some impactful projections. This is the sixth WASDE report of the year, and it is the sixth time the fed steer price yearly forecast has been raised. Hog prices were up fractionally over last month. 

The WASDE is forecasting fed cattle prices next year to average $180/cwt; another $9/cwt higher than this year. Last week, negotiated cattle prices averaged $182/cwt.

The production outlook shows beef up from last month’s forecast – strong prices are an incentive across the board to market fed steers and heifers to cows and bulls. All cate...

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FOB Prices and Freight Rates App (Updated 4 March)

WPI Grain Prices and Freight Rate App Note: you can also visit the app directly by clicking here. Supplemental Information The section below offers a concise view of the options available in the current version of the WPI FOB Price and Freight Rate app, along with a short “How To”...

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From WPI Consulting

Illuminating the value of technical research

On behalf of a commodity producer organization, WPI evaluated the outputs from a project that featured a $5 million investment into technical research over multiple years. WPI’s team captured the results of this extensive effort and synthesized them for presentation to the organization’s governing board; among the findings uncovered and presented for the first time was the development of genomic traits proven, via rigorous testing, to provide crop yield advantages of 50 percent or more to U.S. farmers in times of drought. Capturing measurable results from long-term efforts can be challenging. Educating clients on the dynamics of success measurement when quantifiable results are not readily available requires deep client-consultant collaboration and an ability to consider both near- and long-term client aspirations with market/policy dynamics – attributes that WPI brings to every consulting engagement.

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