One of the most studied patterns used by climatologists is the El Nino-Southern Oscillation, commonly referred to as ENSO. However, there are other factors that can and undoubtedly will affect weather conditions in 2016/17. Climatology is often defined as the study of climate based on weather conditions averaged over a period of time. It is considered to be one aspect of atmospheric sciences and might also be called a science of computer models. Climatologists create statistical and/or mathematical models that assemble vast amounts of observational climate data from the past, including atmospheric conditions, precipitation and temperatures, in search of patterns that might be useful analogs for predicting future climatic conditions under si...
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
Communicating importance of value-added products
Facing increasing pressure to quantify the value of export promotion efforts to investors, a U.S. industry organization retained WPI to develop a quantitative model that better communicated the importance of exports. The resulting model concluded that value-added meat exports contributed $0.45 cents per bushel to the price of corn, increasing support for that sector’s financial support of WPI’s client. In addition to serving the red meat industry with this type of analysis, WPI has generated similar deliverables for the U.S. soybean and poultry/egg industries.