Livestock Reproductive Sow Data Shows Extent of Industry Consolidation The recent corporate filings and announcements from China’s leading domestic hog producers not only show strong output but also greater market power. As of the end of Q3, the top 19 companies now account for more than 19.2 percent of China’s hog production capacity with a combined total of nearly 8.4 million reproductive sows. The top three domestic producers, Muyuan Foodstuff Company, the Wens Group, and New Hope Group reported sow inventories of 2.60 million head, 1.34 million head, and 850,000 head, respectively. Just behind these three, the De Kang Group, Twins Group, and Zhengbang Biotech Company have seen their inventories grow to 450,000 head, 380,00...
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
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.