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livestock

Ho-Hum Cattle on Feed and Cattle Inventory Reports

Two key cattle reports came out this afternoon after the market close, but there won’t be much excitement generated from either. The monthly Cattle on Feed (COF) report was spot-on with the industry’s pre-report expectations, and the Cattle Inventory report shows the herd unchanged in size from last year, which was also the market’s expectation. The total inventory of cattle on feed in feedlots with 1,000 plus capacity was 11.5 million head, the 31st consecutive month of year-over-year increased inventory and the largest for 1 July since the series began in 1996. The pace of May marketing dropped slightly from June, but it remained current at 17 percent of on-feed inventory versus 17.7 percent in May and well above the...

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On behalf of a commodity producer organization, WPI evaluated the outputs from a project that featured a $5 million investment into technical research over multiple years. WPI’s team captured the results of this extensive effort and synthesized them for presentation to the organization’s governing board; among the findings uncovered and presented for the first time was the development of genomic traits proven, via rigorous testing, to provide crop yield advantages of 50 percent or more to U.S. farmers in times of drought. Capturing measurable results from long-term efforts can be challenging. Educating clients on the dynamics of success measurement when quantifiable results are not readily available requires deep client-consultant collaboration and an ability to consider both near- and long-term client aspirations with market/policy dynamics – attributes that WPI brings to every consulting engagement.

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