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: Markets got a surprise with a corn yield of 181.2 bushels/acre in the October WASDE, above the average estimate of 177.6 bushels/acre and up from USDA’s September estimate of 178.5 bushels/acre. Although stronger demand is expected to absorb some of the addit...
The USDA has lowered its 2026 red meat production forecasts slightly while forecasting a slight increase in broiler production. Beef is now projected at 24.802 billion pounds, 75 million pounds less than in September. Cow slaughter is expected to be up; however, this will be offset by lower ste...
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.