More Livestock Eating Less USDA’s feed outlook report estimates grain consuming animal units (GCAUs) will total 99 million in 2017/18, up from 98.3 million projected in December 2017 and the 95.8 million predicted one year ago for 2016/17. A GCAU is a standard based on the dry-weight quantity of a feed consumed by the average milk cow, which is used to compare feed demand across species. The increased estimate is based on larger cattle, hog and broiler inventories. Consumption per GCAU is projected at 1.53 ST, down slightly from the December estimate and lower than last year’s forecast of 1.62 ST. Despite more livestock and the heavier beef carcasses predicted by the WASDE report, that’s an approximate decrease in overal...
What You Need to Know Today: A third U.S. border crossing (Columbus, New Mexico) has reopened to Mexican cattle imports following nearly two years of restrictions related to New World screwworm. The reopening could gradually improve feeder cattle availability, although more than 60 confi...
Yesterday, the USDA’s Agricultural Marketing Service (AMS) released a new report of negotiated cash purchases of cattle under the mandatory price report. The report included Colorado, New Mexico, Oklahoma, Texas, and Kansas. The goal of the report was to solve the confidentiality issues e...
Key Takeaways: U.S. soybean crushing began in 1911 and saw its most rapid expansion during the 1930s amid the broader agricultural and technology revolutions of the time. After peaking in the early 2000s, the soybean crushing industry went through a downturn as poor crush margins forced...
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.