World Perspectives
livestock

Exports to China: Cold Storage and COVID Containment

Record Pork Draw on Cold Storage Stocks Yesterday, USDA released the monthly cold storage report. As of 1 June, inventory of pork in cold storage was 467 million pounds, 76 percent of 1 May and 26 percent of a year ago. That was a record draw down and inventory is at its lowest since 1 September 2011. As Matt Herrington noted yesterday, that is another sign of the impact that COVID is having as stocks were not being replenished.   Beef was 87 percent of last month and 102 percent of last year, while chicken was 92 percent of last month and 103 percent of last year. For dairy, cheese was 98 percent of last month and 102 percent of last year while butter was 102 percent of last month and 121 percent of last year. The draw on pork...

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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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