Livestock NRDC Sets Meeting With Hog Industry to Discuss Market Stability China’s National Development and Reform Commission (NDRC) will hold a private meeting with hog industry representatives tomorrow in Beijing. This will include leadership from two industry associations and eight companies in the hog producing and meat processing sectors. The named companies include Muyuan Foodstuffs, Wens Group, New Hope Group, Tech-Bank Company, Shineway, Yurun, Jinluo, and Beijing Ershang Group. The impetus for this gathering with the NRDC clearly points to the strong recovery in live hog prices since June. From the third week in June through mid-July, the national live hog price skyrocketed by 26.8 percent. In some places, upticks were...
Key Market Insights Macros: Inflation isn’t cooling — it’s moving higher again. March PCE inflation (Personal Consumption Expenditures index — the Fed’s preferred measure of inflation) rose 0.7 percent month-over-month, pushing the annual rate to 3.5 percent, the h...
An amendment to the U.S. House farm bill, aiming to remove the Save Our Bacon Act language in Section 12006 that would have stripped language to prohibit California’s Proposition 12, Massachusetts’ Question 3, and up to 500 state agricultural laws across the country, was blocked by...
What Matters Today... Fed holds rates steady as inflation uncertainty tied to the Iran conflict pressures equities and supports broader commodity risk premia Biofuel demand accelerating globally, with U.S. imports of used cooking oil and strong soyoil demand reinforcing upside across the soy c...
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.