This month, the Chinese Ag Ministry released a three-year plan to restore pork production, a goal the Ministry calls “very arduous.” The short-term objectives are: 1) stop the decline of the herd this month, 2) ensure recovery in 2020, and 3) restore normal production by 2021. The plan identifies “key tasks” including:
Subsidize the construction of large-scale farms; Increase support for on-farm machinery and technology; Streamline permitting of outdoor breeding farms; Increase local level subsidies for production; Implement interest rate concessions and guarantees, create short term loan program and implement production insurance; Construction of 120 breeding centers under an extension type...
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...
