Zhu Zengyong, an analyst and researcher with the state-backed Chinese Academy of Agricultural Sciences, said on Monday that there is no more room for pork growth in China. A rise in demand from the world’s largest consumer of pork has propelled the expansion and modernization of hog farms, but a weakening economy and a surplus of pork has hammered retail prices. Current demand in China is stable and unlikely to rise further, Zhu said at the seminar. He said it is not advisable for companies to expand sow capacity this year and instead should be focused on cost reduction and efficiency of breeding. In 2024, Beijing lowered the national target for normal retention of breeding sows to 39 million from 41 million and iss...
What You Need to Know Today: Russia rejected calls for a ceasefire in the Black Sea, including a proposal to halt attacks on civilian shipping that could help restore grain flows from Ukrainian ports. Tyson Foods announced plans to permanently close its Joslin, Illinois, beef processing facili...
The big news in the cattle markets yesterday was Tyson Foods’ move to close two more beef plants. One of them, the Joslin, Illinois, plant was shuttered immediately after the announcement. The other, in Eagle Mountain, Utah, is a case-ready plant that does not slaughter cattle. Tyson also...
The Bureau of Labor Statistics (BLS) released the Consumer Price Index (CPI) on Wednesday. In July, the CPI rose 0.1 percent, seasonally adjusted, and rose 3.4 percent over the last 12 months, not seasonally adjusted. The index for all items less food and energy, or the “core” infla...
From WPI Consulting
Infrastructure investment due diligence
On behalf of a Canadian oilseed processer WPI's team provided market analysis, econometric modeling and financial due diligence in support of a $24 million-dollar investment in a Ukrainian crush plant. Consistent with WPI's findings, local production to supply the plant and the facility's output have expanded exponentially since the investment. WPI has conducted parallel work on behalf of U.S., South American and European clients, both private and public, in the agri-food space.