Livestock Live Hog Price Falls Below RMB 15/kg A combination of oversupply and tepid demand sent the national average cash price tumbling down last week by RMB .56/kg ($.08/lb.) or 3.7 percent. Cash prices are now where they stood midway through February. The average operating loss per live hog actually contracted by RMB 47/head ($6.84/head) or 22.7 percent as falling feed costs outpaced the drop in live hog cash prices. Meanwhile, the corn-hog ratio on a cash basis fell to 5.14. The issue of an oversupplied market may seem strange given the impact of African Swine Fever (ASF) resurgence here in the first quarter, which has led to a 20 to 30 percent reduction in the live hog inventory, but the majority of pigs impacted have been sows. Eve...
What You Need to Know Today: There has already been a strong run of flash soybean sales announcements in recent weeks, but more than 1.4 MMT reported this morning is an exceptionally large single-day total with major implications for the market. If the sales to China and unknown destinations w...
On Friday, at 6:57 AM, President Donald Trump announced, via a social media post, a 90-day window during which up to 300,000 metric tons of product for ground beef could be imported outside of tariff-rate quotas—a move aimed at bringing down costs for American consumers. This is the secon...
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.