Livestock Live Hog Price Continues Run, White Feather Broilers Rebound China’s national average live hog price continued its steady climb to close out May with an uptick of RMB .11/kg ($.007/lb.) or .7 percent. The continued run has lessened the average loss per live hog by another RMB 10/head ($1.50/head) or 29.4 percent. With the average domestic corn price dropping last week, the corn-hog ratio on a cash basis rose to 5.46. Meanwhile, the July and September hog futures contracts on the Dalian Commodity Exchange ended last week down RMB 295/MT ($44.16/MT) and RMB 305/MT ($45.66/MT) from the previous week’s settlement prices to finish at RMB 16,710/MT ($2,501.50/MT) and RMB 18,735/MT ($2,804.64/MT), respectively. Through toda...
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
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.