USDA reported that U.S. Cattle on Feed was down 2 percent to on August 1, 2023 to total 11 million head in feedlots with capacity of 1,000 or more head. Placements in feedlots during July totaled 1.62 million head, 8 percent below 2022. Marketings of fed cattle during July totaled 1.73 million head, 5 percent below 2022. Other disappearance totaled 65,000 head during July, 16 percent above 2022. ...
Key Market Insights The broad market is locked in on this week’s Trump-Xi meeting in Beijing, but this is no longer just a trade summit. Increasingly, the meeting is becoming tied directly to Iran, energy security, and the growing global economic fallout from disruptions through the Strai...
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.