Livestock Hog and Live Chicken Prices Jump By 13 and 16 Percent When the month of October concludes tomorrow, it will long be remembered in China as an historic month for pork and white feather poultry producers. Last week saw China’s national average hog price jump by RMB 4.62/kg (RMB .65/kg) or RMB 2.10/lb. ($.30/lb.) to a new record of RMB 40.02/kg ($5.66/kg) or RMB 18.15/lb. ($2.57/lb.). Not to be outdone, the national average price for live white feather broilers also reached a new historic mark at RMB 14.13/kg ($2.00/kg) or RMB 6.41/lb. ($.91/lb.), which equated to a one-week gain of RMB 1.98/kg ($.28/kg) or RMB .90/lb. ($.13/lb.). From a macroeconomic perspective, this rapid rise in food inflation, particularly in the...
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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Accountability and a comprehensive approach to export programming
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