While those countries most impacted by the Porcine Epidemic Diarrhea virus (PEDv) are seeing record-high pork prices, others are experiencing a much more bearish market. Global Pork Overview:Tale of Two Markets Rabobank's global pork outlook sees record prices continuing through the third and fourth quarters of 2014 and high prices into 2015. This is especially the case with the countries most impacted by the Porcine Epidemic Diarrhea virus (PEDv), including the U.S. and Mexico on the export side and Korea and Japan on the import side. Things are being made worse in Japan due to the value of the yen and its impact on landed costs of imports. In countries not immediately impacted by PEDv, the global scarcity of pork and high beef and poult...
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...
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.