Livestock Live Hog Producers Cut Output as Prices Plummet With China’s leading hog producers reporting their monthly sales for August, the country’s domestic output appears to be trending downward heading into the fall. Muyuan Foods and Zhengbang Technology Company, the top two producers, cut their sales in August by 14.5 percent and 2.3 percent to 2.57 million head and 1.71 million head, respectively, as sales prices cratered. Aonong, the sixth leading producer, reduced output by 15.6 percent in August to 213,000 head. The combined sales for the top nine producers’ last month totaled 7.27 million head, down 209,000 head or 2.8 percent from July. Through the first eight months of 2021, these same producers h...
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.