Livestock Live Hog Price Reverses Slide, Ticks Up 2.5 Percent The national average domestic hog price saw a solid recovery last week after 20 straight weeks of declines thanks to a reduction in the number “double fattened” hogs. That translated into a week-on-week gain of RMB .33/kg ($.05/kg) or RMB .15/lb. ($.02/lb. That helped reduce the operating loss per live hog by RMB 37/head ($5.72/head). In some regions, local prices over the past ten days have reportedly risen by 30 percent based on the sharp drop in overweight pigs in the marketplace and the anticipation that government purchases of frozen pork for state reserves will put a floor on wholesale prices. On the future’s front, the September 2021 live hog contract h...
Key Takeaways: The CME Group is launching new 90 percent Lean Beef and 50 percent Lean Beef futures and options contracts in July. There are five key factors that must be present in physical markets and futures contract specifications for futures contracts to become successful. The two l...
Russian Grain Markets: 29 June-3 July 2026 The new marketing season has officially begun in Russia, although bearish sentiment has been concentrated in the southern regions closest to the Black Sea ports, where export demand has been weakest. Delays in grain deliveries to inland elevators have...
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.