Livestock Pork Prices Depressed as Market Still in Oversupply Market survey data from the Ministry of Agricultural and Rural Affairs (MARA) and other government agencies show the average live hog price fell by 10 percent to start January. Supplies of pork meat have continued to remain robust, while demand is showing some signs of life, despite the rapid spread of coronavirus variants. Output at large-scale slaughterhouses rose by almost 8 percent during the first week of the new year. Adding to the excess supply of domestic pork meat has been releases of frozen pork from state reserves in the past couple of weeks in several provinces, including Hubei, Tianjin, and Jiangxi, among others. While these factors have contributed to...
What You Need to Know Today: The corn and soybean markets closed slightly higher in low-volume trade. The wheat market was mixed, with HRW continuing its downward trek on improved moisture. As expected, the bearish cattle on feed report drove down cattle prices and pulled hogs down with it. Mi...
USDA’s monthly cattle on feed report was released today. The total number of cattle on feed in feedlots with 1,000 head or more capacity amounted to 11.6 million head, 102 percent of last year. Source: USDA, WPI Placements were up, but part of that is attributable to persistent drought c...
Let’s return briefly to the fake meat hype cycle, now sitting somewhere in a dusty corner of your mind, not entirely forgotten. What happened to all those products, known as plant-based alternative proteins? They were supposed to be as good as real meat—cheaper, more environmentally...
From WPI Consulting
Accountability and a comprehensive approach to export programming
WPI’s team helped construct a strategic approach to develop, implement, and track promotional activities in 8 key regions across the globe for an agricultural export association. With continued progress measurement and strategic advisory services from WPI, the association has seen its ROI from investments in promotional programming increase by 44 percent over the past 5 years. Not only does this type of holistic approach to organizational strategy provide measurable results to track and analyze, it fosters top-down and bottom-up organizational accountability.