Record hard red winter wheat yields are not enough to keep 2016 winter wheat plantings from declining, and there are several reasons for the drop in acreage.Record hard red winter wheat yields are not enough to keep 2016 winter wheat plantings from declining. Our guess is that total U.S. winter wheat planted acres will drop again by as much as 1 million acres from this past season. The reduction would likely be more if producers across the southern Plains could find an alternative crop to plant. Their problem is they are basically stuck with winter wheat or idling the acres. There is no chance to make any money if there is nothing planted. The table below shows the previous three years winter wheat planting history and WPI’s early forecast...
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.