Livestock Senior Ag Ministry Official Warns of Sustained Low Hog Prices In a recent interview, the Deputy Director of MARA’s Animal Husbandry and Veterinary Bureau said the excess supply of live hogs is here to stay for the time being. The agency head, Mr. Xin, said due to the robust growth in newborn piglets over the past summer and despite the recent price runup in the cash market, domestic live hog output is projected to outstrip demand through the second quarter of next year. In June, piglet output was up 39 percent year-on-year to about 64 million head, while in July and August, piglet production saw annualized increases of 33 percent and 31.1 percent to 56 million head and 54 million head, respectively. This means that despit...
What You Need to Know Today: Markets got a surprise with a corn yield of 181.2 bushels/acre in the October WASDE, above the average estimate of 177.6 bushels/acre and up from USDA’s September estimate of 178.5 bushels/acre. Although stronger demand is expected to absorb some of the addit...
The USDA has lowered its 2026 red meat production forecasts slightly while forecasting a slight increase in broiler production. Beef is now projected at 24.802 billion pounds, 75 million pounds less than in September. Cow slaughter is expected to be up; however, this will be offset by lower ste...
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.