Livestock Domestic Live Hog Production Continues Upward Trend in October According to the most recent corporate filings and reports, China’s domestic live hog market reported strong monthly sales in October driven by high prices nationwide. The market leader, Muyuan Foodstuff Company, recorded sales of 4.78 million head last month, bringing its year-to-date total through October to just over 50 million head. By comparison, Wens Group and New Hope Group, the number two and three producers, had sales last month of 1.65 million and 1.45 million head, raising their totals so far in 2022 to 14.07 million and 11.36 million head, respectively. The total sales figures by the three market leaders for the first ten months of the year re...
What You Need to Know Today: There has already been a strong run of flash soybean sales announcements in recent weeks, but more than 1.4 MMT reported this morning is an exceptionally large single-day total with major implications for the market. If the sales to China and unknown destinations w...
On Friday, at 6:57 AM, President Donald Trump announced, via a social media post, a 90-day window during which up to 300,000 metric tons of product for ground beef could be imported outside of tariff-rate quotas—a move aimed at bringing down costs for American consumers. This is the secon...
From WPI Consulting
Forecasting developments in production agriculture
On behalf of a private U.S. agricultural technology provider, WPI’s team generated an econometric model to forecast the movement of concentrated corn production north and west from the traditional U.S. Corn Belt. WPI’s model has subsequently provided quantitative support to a multi-million-dollar investment into short-season corn variety development. WPI’s methodology included a series of interviews with regional grain elevators and seed consultants. Emphasizing outreach and communication with stakeholders who possess intimate sectoral knowledge – on-the-ground insights – is a regular component of WPI’s methodologies, made possible by WPI’s ever-growing network of industry contacts.