October meat and livestock trade data was released on Friday. Beef exports are down 2.6 percent at 2.5 billion pounds, following lower U.S. beef production (down 0.4 percent) and higher prices. October exports to Canada fell 23.7 percent. Exports to Japan were flat year to date at 543 million pounds, while exports to Mexico increased 9.8 percent to 284 million pounds. However, exports to China were up 20. January through October year-to-date exports to China are down 8 percent, and exports to Korea, (-8.8 percent) and Canada (-7.2 percent) are down on the year. On the import side, with low cow slaughter in both beef and dairy so far this year, imports of lean trim remain high to fulfill the need for beef for grinding. Year-to-date beef...
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.