World Perspectives
livestock

Livestock Round Up: Hog Herd up 5 Percent, Fat Hogs up 13 Percent

USDA released a bearish quarterly Hogs and Pigs report this afternoon, with all categories coming in above the consensus pre-report expectations. The report shows four new records:   All hogs and pigs inventory on 1 June  Market hog inventory on 1 June Pig crop for the March-May quarter Pigs saved per litter for the March-May quarter The hog sector is on a remarkable run of production efficiency gains. Pigs saved per litter were 11.01 for the quarter, which compares to last year at 11. That caps off a string of four consecutive quarters of records for the respective quarters. The data go back to 1970. Sows farrowing during March-May totaled 3.17 million head, 101 percent of 2019. The industry exp...

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Competing Manufacturing Data

According to S&P Global, the US manufacturing sector grew for the fourth consecutive month in September. The U.S. manufacturing purchasing managers' index recorded 52 points in September, down from 53 a month prior and indicating a weaker rate of expansion of the manufacturing sector. A rea...

feed-grains soy-oilseeds wheat

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feed-grains soy-oilseeds wheat

Recent Market Volatility Increases Futures Mispricing

Following the recent shocks to the grain markets – the Grain Stocks report data and news that soybeans will be on the negotiating table when Presidents Trump and Xi meet next – many are wondering what happens next as far as commodity pricing goes. WPI certainly doesn’t have a...

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From WPI Consulting

Illuminating the value of technical research

On behalf of a commodity producer organization, WPI evaluated the outputs from a project that featured a $5 million investment into technical research over multiple years. WPI’s team captured the results of this extensive effort and synthesized them for presentation to the organization’s governing board; among the findings uncovered and presented for the first time was the development of genomic traits proven, via rigorous testing, to provide crop yield advantages of 50 percent or more to U.S. farmers in times of drought. Capturing measurable results from long-term efforts can be challenging. Educating clients on the dynamics of success measurement when quantifiable results are not readily available requires deep client-consultant collaboration and an ability to consider both near- and long-term client aspirations with market/policy dynamics – attributes that WPI brings to every consulting engagement.

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