Livestock Falling Pig Prices Push Government to Consider Interventions The national average live pig price fell below RMB 15/kg ($2.35/kg) or RMB 6.80/lb. ($1.06/lb.) last week, its lowest level since the end of February 2019. With a week-on-week decline of 8.5 percent that translated into a decrease of RMB 1.38/kg ($.22/kg) or RMB .63/lb. ($.10/lb.). The average profit per live pig plummeted by 73 percent or RMB 84/head ($13.15/head), the smallest margin since early March 2019. Data from China’s National Bureau of Statistics indicates the average live hog price has fallen 11.2 percent during the first two weeks of June. Data from Boyar suggests the average live hog price has dropped by as much as 15.2 percent during the first half...
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
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.