World Perspectives
livestock

Record, Yet Bullish, November Cattle on Feed Report

USDA released its Cattle on Feed report today. The inventory of cattle in feedlots with a capacity of 1,000 head or more was 12 million head, that is 101 percent of 1 November 2019 and below pre-report expectations. This is a record large 1 November inventory dating back to 1996 when records began.  Placements were below even the low pre-report average. October 2019 was the second largest October placement level since 2011, so it its not surprising that this year would be lower, but placements dropped to the lowest level since 2016. Morever, given the strange year it has been, placements were also down from September, which is the first time that has happened in the last decade.  Per today’s report, net placements were 2...

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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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