Livestock Domestic Live Hog Cash Price Rebounds by More than 7 Percent The recent procurement of frozen pork for state reserves combined with some warmer weather propelled the average cash price to its highest level since the end of 2022. On 24 February, China’s Merchandise Reserve Management Center, on behalf of the Ministry of Commerce, the National Reform and Development Commission (NRDC), and the Ministry of Finance, held the first state procurement of frozen pork to replenish the country’s central state reserves. As noted last week, the tender was for 20,000 MT, but the actual procurement amounted to just 7,100 MT with a price range of RMB 23,980 to 23,990/MT ($3,480.41 to 3,481.86/MT). A wave of warm temperatures also s...
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
Forecasting developments in production agriculture
On behalf of a private U.S. agricultural technology provider, WPI’s team generated an econometric model to forecast the movement of concentrated corn production north and west from the traditional U.S. Corn Belt. WPI’s model has subsequently provided quantitative support to a multi-million-dollar investment into short-season corn variety development. WPI’s methodology included a series of interviews with regional grain elevators and seed consultants. Emphasizing outreach and communication with stakeholders who possess intimate sectoral knowledge – on-the-ground insights – is a regular component of WPI’s methodologies, made possible by WPI’s ever-growing network of industry contacts.