Livestock Live Hog Prices Remain Firm as Fall Holidays Near China’s domestic hog prices continued to rally here in the second half of August. The national average rose last week by RMB .88/kg ($.06/lb.) or 4.1 percent. With domestic corn prices continuing to ease, the average profit per live hog ticked up by RMB 106/head ($15.74/head) or 17.2 percent. Similarly, the corn-hog ratio on a cash basis saw another uptick last week to 8.03. According to the latest commodity price monitoring data from China’s National Development and Reform Commission (NDRC), the average ratio of the live hog price versus feed prices increased here in the last week of August by just over 1.1 percent to 6.34. With the traditional Mid-Autumn festival s...
What You Need to Know Today: The corn and soybean markets closed slightly higher in low-volume trade. The wheat market was mixed, with HRW continuing its downward trek on improved moisture. As expected, the bearish cattle on feed report drove down cattle prices and pulled hogs down with it. Mi...
USDA’s monthly cattle on feed report was released today. The total number of cattle on feed in feedlots with 1,000 head or more capacity amounted to 11.6 million head, 102 percent of last year. Source: USDA, WPI Placements were up, but part of that is attributable to persistent drought c...
Let’s return briefly to the fake meat hype cycle, now sitting somewhere in a dusty corner of your mind, not entirely forgotten. What happened to all those products, known as plant-based alternative proteins? They were supposed to be as good as real meat—cheaper, more environmentally...
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.