Livestock Surging Hog and Pork Prices Draw Government’s Attention Recent surveys conducted by China’s Ministry of Agriculture and Rural Affairs (MARA) show the average wholesale price of pork as of 4 July grew to RMB 25.74/kg ($1.75/lb.). That represents a 4.8 percent increase from the previous week. Meanwhile, the national average live hog price has risen 81 percent since bottoming out in late March to nearly RMB 21/kg ($1.42/lb.) as of this past Monday. Regionally, the highest average domestic hog price is now in Guangdong, where it jumped at the start of this week to RMB 28/kg ($1.90/lb.). Through last week, data from the market information firm Boyar indicate the national live hog price had recovered to RMB 20.38/kg ($1.3...
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
Weighing in on strategic realignment
WPI’s team was retained by the governing board of a U.S. industry organization to review a decision, reached by vote, to invest significant assets into the development and management of an export trading company. WPI’s team conducted a formal review of this decision and concluded that the current level of market saturation would limit the benefits of the investment. Based on WPI’s analysis and recommended actions, the board subsequently reversed its decision and undertook a strategic planning effort to identify more impactful investments. On behalf of numerous clients, WPI has not only assisted in identifying strategic paths but also advised their implementation.