Livestock Domestic Live Hog Prices See Some Modest Gains A week after bottoming out following the back-to-back holidays, the average price for domestic live hogs improved by RMB .67/kg ($.04/lb.) or 4.7 percent. That helped the average operating loss per marketed pig to lessen by RMB 77/head ($11.21/head) or 23.7 percent. With the average domestic corn cash price edging downward, the corn-hog ratio recovered to 5.10. The announcement last week by the National Reform and Development Commission (NRDC) to purchase 20,000 MT of frozen pork for state reserves seems to have brought some relief. While the tonnage for the first round was relatively small, producers and market analysts also took stock in the idea that NRDC will continue to help ea...
The corn and soy complex closed higher, with the wheat market mixed, as winter wheat closed up but spring wheat and livestock ended lower. Part of the strength for corn and soybeans may have been a weather premium, as crop planting has started out fast but warm weather has been slow to develop...
Reflect for a moment on what you eat. There is a lot of advice out there in the ether about what you should eat, but really, what do you currently eat and how much? The good people at the USDA have some data for you, to help you answer that question. USDA says that we eat quite a bit of meat. L...
WPI recently completed an expansion of our methodology for estimating and forecasting U.S. and global soybean crushing margins. The new approach incorporates the energy market’s expanding influence on the oilseed sector and the structural changes in global biofuel demand. This report is i...
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.