Livestock Live Pig Price Crosses Rmb 30/Kg Threshold Over the course of the holiday celebrations, China’s hog price jumped to an official all-time record (RMB 30.79/kg; 4.36/kg or RMB 13.97/lb; $1.98/lb.). This translated into an increase of RMB 3.64/kg ($.51/kg) or RMB 1.65/lb. ($.23/lb.) since mid-September. The sharp increase has hit the pocketbook of China’s households in a significant way and is pushing consumers toward other meat, seafood, and even non-meat options for their protein sources. According to recent data from China’s National Bureau of Statistics, consumer spending on pork as a share of food expenditures has been falling since early summer to about 15 percent as of September. Normally, pork...
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...
Monday, 25 May is a U.S. holiday, and both the markets and our office will be closed. Please note that the next issue of Ag Perspectives will be published on Tuesday, 26 May. The WPI staff wishes everyone a safe and enjoyable holiday weekend...
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...
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Illuminating the value of technical research
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