World Perspectives
livestock

Eggs Down, but Not Out

Easter is about three weeks away. It is a peak demand for eggs, but production is still lagging. January table-egg production was estimated at 646.9 million dozen eggs, a 7.3 percent year-over-year decrease. The year-over-year change was due to a 6.1 percent decrease in the average size of the laying flock resulting from HPAI depopulation, and a decrease in the layer flock productivity as measured by the rate of lay.  The 1 February table-egg inventory was estimated at 309.4 million layers, slightly above the January 1 estimate but 5 percent lower than last year. The lay rate at the beginning of February was below year-ago levels, which if continued would mark the third consecutive month of year-over-year decline. Overall, 2023 tab...

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livestock

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feed-grains soy-oilseeds wheat

Summary of Futures

May 23 Corn closed at $6.4725/bushel, down $0.01 from yesterday's close.  May 23 Wheat closed at $6.9975/bushel, up $0.0175 from yesterday's close.  May 23 Soybeans closed at $14.6775/bushel, up $0.255 from yesterday's close.  May 23 Soymeal closed at $457.9/short ton, up $11.9 f...

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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.

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