WASDE, Mid-Year Change in Trends USDA's June WASDE contained some trends that deviate from beginning-of-the-year expectations. Total meat production in 2013 was raised from April's forecast because of greater beef and broiler production. That increase more than offsets lower pork production.USDA's semi-annual beef cattle survey for January 2013 shows the beef herd down to its lowest level since 1952. The 2012 drought increased cattle slaughter by about 1 percent over 2011, while fed cattle and cull cow prices hit record highs for the third consecutive year and look to be even higher this year. These high prices were expected to slow slaughter and lead to herd rebuilding. However, beef production is raised from last month's projections...
What You Need to Know Today: U.S. weather is getting more attention this week as conditions vary greatly across the western, central, and eastern corn belts, with the different regions battling dryness and too much rain simultaneously. The ProFarmer Crop Tour began today in Indiana and Nebrask...
Unlike the 2022 fertilizer shock, today’s disruption is rooted less in rerouted trade flows and more in damaged production capacity, raw material constraints and uncertain recovery timelines. That makes this a longer-duration risk for U.S. agricultural producers and retailers who must sec...
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.