Livestock Live Hog and Broiler Prices Again Head in Opposite Directions Domestic hog prices continued to remain under pressure last week from excess market supply and edged down by .9 percent. That amounted to a week-on-week decrease of RMB .13/kg ($.02/kg) or RMB .06/lb. ($.009/lb.). Lower prices further expanded the average operating loss per live pig by 18.4 percent or RMB 16/head ($2.46/head). On the futures market, the September live hog contract on the Dalian Commodity Exchange ended last week down RMB 1,005/MT ($154.62/MT) from the previous week’s settlement price to close at RMB 15,860/MT ($2,440/MT). That resulted in the hog-corn ratio finishing at 6.24, well below where China’s central government has indicated it wou...
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.