A combination of certain factors continued to push down China's wholesale hog prices in February. Other developments are having an impact on the structure of the pork industry there, which means the outlook for imported pork from Canada, the EU and the U.S. remains strong for the balance of 2017.
Livestock China’s Wholesale Domestic Hog Prices Continue to Retreat A combination of the ongoing surge in imports, declining demand and end of New Year celebrations continued to push down wholesale hog prices in February. Through the week ended 10 February 2017, China’s average wholesale domestic pig price had fallen 1.5 percent from RMB 18.61/kg ($2.70/kg) or $1.23/lb. the previous week to 18.33/kg to ($2.66/kg) or about $...
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...
