Livestock Live Hog Prices Up More than 2 Percent as Holiday Approaches With the lunar holiday around the corner, most slaughterhouses closed this week, which reduced supply. This resulted in a modest price recovery of national live hog price of RMB .31/kg ($.02/lb.) or 2.2 percent. In some regions, such as the northeast, the live hog price improved by as much as RMB 1/kg ($.07/lb.) or more than 5 percent in just a couple days last week. A slight drop in corn prices at the national level and the price uptick helped the average operating loss per live pig shrink by RMB 37/head ($5.83/head) or 19.8 percent. Meanwhile, the corn-hog ration on a cash basis inched up to 5.24. Operating Losses Mount for Producers, Outlook Remains We...
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
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.