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: 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.