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feed-grains soy-oilseeds livestock

China In-Country Analysis

Livestock Live Hog Prices Tank, Down More Than 14 Percent Last Week The Ministry of Agricultural and Rural Affairs (MARA) data show the national live hog price down for the tenth week in a row last week, shedding 6.4 percent. According to data from the market analytics firm Boyar, the national average price dropped by RMB 3.45/kg ($.52/kg) or RMB 1.56/lb. ($.24/kg). That equated to a week-on-week decrease of 14.2 percent. With the national average price below RMB 21/kg ($3.21/kg) or RMB 9.53/lb. ($1.46/lb.), this marks the lowest level since mid-August 2019. Not surprisingly, the sharply lower average live hog price resulted in the average profit per pig falling last week by 36.6 percent or RMB 421/head ($64.37/head). The average operatin...

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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.

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