This will again be a record year for pork production, but the impact of that along with more pigs and hogs is not as bearish as it may seem.This will again be a record year for pork production, but the impact of that along with more pigs and hogs is not as bearish as it may seem. The chart below shows the value and cost of production for a farrow-to-finish hog operation. Historically, production costs have stayed relatively stable or even dropped somewhat since 2011. However, hog prices have fluctuated dramatically.Live hog and retail pork prices peaked in 2014 as supplies were reduced by the Porcine Epidemic Diarrhea virus (PEDv), but they have generally been falling since 2015. In the final quarter of 2016, retail pork prices dropped $0.2...
What You Need to Know Today: China’s state-run COFCO, in statements on Tuesday, implied that U.S. corn exports were currently uneconomical but hinted that the Middle Kingdom would import 3.5 MMT of the feed grain this year, with 1 MMT likely sourced from the U.S. Another drone attack has...
Beef packer margins declined to $190/head last week, down $32 from the prior week as the Choice cutout weakened while fed cattle prices remained steady. The cutout fell $2.56/cwt to $373/cwt while fed cattle prices held near $220/cwt, narrowing packer spreads after several weeks of improvement...
What You Need to Know Today: USDA reports are delayed until Tuesday due to the federal holiday on Monday. Over the weekend, President Trump announced a ceasefire between Russia and Ukraine. Russia warmly welcomed and confirmed this ceasefire by conducting more strikes against Ukraine. Specific...
From WPI Consulting
Accountability and a comprehensive approach to export programming
WPI’s team helped construct a strategic approach to develop, implement, and track promotional activities in 8 key regions across the globe for an agricultural export association. With continued progress measurement and strategic advisory services from WPI, the association has seen its ROI from investments in promotional programming increase by 44 percent over the past 5 years. Not only does this type of holistic approach to organizational strategy provide measurable results to track and analyze, it fosters top-down and bottom-up organizational accountability.