Livestock Weak Demand Continues to Hold Back Live Hog Prices According to latest surveys conducted by China’s National Bureau of Statistics (NBS), the average domestic live hog price grew to RMB 15.85/kg ($1.07/lb.) last week. That follows the private information reported from the week before by Boyar. Boyar’s data shows that just before last Friday’s nationwide Dragon Day holiday, the average price had retreated by RMB .04/kg ($.003/lb.) or .3 percent to RMB 15.81/kg ($1.09/lb.). Overall, based on NBS’s figures, the domestic live hog price has regained more than 32 percent of its value since the market bottomed in early March. According to the figures from Boyar, the national average price over the same period has...
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
Forecasting developments in production agriculture
On behalf of a private U.S. agricultural technology provider, WPI’s team generated an econometric model to forecast the movement of concentrated corn production north and west from the traditional U.S. Corn Belt. WPI’s model has subsequently provided quantitative support to a multi-million-dollar investment into short-season corn variety development. WPI’s methodology included a series of interviews with regional grain elevators and seed consultants. Emphasizing outreach and communication with stakeholders who possess intimate sectoral knowledge – on-the-ground insights – is a regular component of WPI’s methodologies, made possible by WPI’s ever-growing network of industry contacts.