Livestock Poor Demand Forces Major Hog Producers to Revise 2023 Goals The impact of African Swine Fever (ASF) along with poor sales has pushed China’s leading hog companies to reexamine their 2023 production targets. With the average cash price for live hogs dropping RMB .19/kg ($.01/lb.) or 1.3 percent, the average loss per marketed pig expanded by RMB 135/head ($19.62/head) or 84.4 percent, even with corn prices continuing to trend downward. The dire situation was reinforced by the corn-hog ratio, which declined again and dropped to 5.09 last week. As noted last week, domestic producers have seen their total hog inventories cut by 20 to 30 percent due to ASF and a rush to sell overweight hogs during the first quarter...
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
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.