Livestock Oversupply Remains, Piglet Prices Plunge The Ministry of Agriculture and Rural Affairs' (MARA) latest data release shows the domestic live piglet price fell to RMB 25.68/kg ($1.84/lb.) in mid-February. This represents a year-on-year decrease of 71.7 percent for a 7-kg piglet. In the southwest of China, piglets have sold for as little as RMB 22.68/kg ($1.63/lb.). As a result, many farms have switched to purchasing piglets rather than producing their own supply. A unnamed major domestic producer shocked the market last week with a reported purchase of 6 million piglets. Meanwhile, the combined domestic reproductive sow inventory fell to 42.9 million head in January, down from .9 percent in December according to MARA’s statis...
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
Infrastructure investment due diligence
On behalf of a Canadian oilseed processer WPI's team provided market analysis, econometric modeling and financial due diligence in support of a $24 million-dollar investment in a Ukrainian crush plant. Consistent with WPI's findings, local production to supply the plant and the facility's output have expanded exponentially since the investment. WPI has conducted parallel work on behalf of U.S., South American and European clients, both private and public, in the agri-food space.