Livestock China’s Live Hog Supply Rises as New Year Holiday Approaches With the New Year’s celebrations set to kick-off a week from this Friday, many Chinese citizens are preparing for trips back to their home provinces and communities. Some in areas in the northeast of the country, however, will not be able to travel due to lockdowns as a result of upticks in new COVID-19 cases. Meanwhile, market data suggest the hog supply is steadily improving, at least in the total aggregate. A further look at more detailed figures provided by the National Bureau of Statistics annual data release reveal some interesting trends at the regional level. Pork production in Sichuan, Shandong, and Guizhou province grew by 12 percent, 6 percent,...
What You Need to Know Today: Russia rejected calls for a ceasefire in the Black Sea, including a proposal to halt attacks on civilian shipping that could help restore grain flows from Ukrainian ports. Tyson Foods announced plans to permanently close its Joslin, Illinois, beef processing facili...
The big news in the cattle markets yesterday was Tyson Foods’ move to close two more beef plants. One of them, the Joslin, Illinois, plant was shuttered immediately after the announcement. The other, in Eagle Mountain, Utah, is a case-ready plant that does not slaughter cattle. Tyson also...
The Bureau of Labor Statistics (BLS) released the Consumer Price Index (CPI) on Wednesday. In July, the CPI rose 0.1 percent, seasonally adjusted, and rose 3.4 percent over the last 12 months, not seasonally adjusted. The index for all items less food and energy, or the “core” infla...
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.