Livestock Rising Feed Costs and Hot Temperatures Force Some to Sell Hogs Here in August average feedstuff prices have continued to climb as a result of higher soybean prices and the loss of corn supplies from Ukraine. Since the start of July, the average producer’s price for soymeal has climbed by 4.4 percent and by nearly 2 percent since just the end of July. While the domestic corn harvest began recently, the market expects the new crop will come into play about a month from now. At the end of last week, a number of feed mills announced they would raise their prices by RMB 50 to 100/MT ($7.42 to 14.84/MT). Despite these ongoing price hikes, a number of major feed producers have said their first half financials are showing lower ne...
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.