Livestock Cash Live Hog Price Shows Further Weakness, Futures Rise The national average live hog price showed further weakness last week after a solid recovery two weeks ago. With a modest drop of RMB .68/kg ($.10/kg) or RMB $.31/lb. ($.05/lb.) or 2.9 percent, the average profit per pig fell below the RMB 1,000/head ($154.08/head) mark again with a week-on-week decline of RMB 88/head ($13.56/head) or 8.2 percent. In contrast, the four live hog futures contracts ended last week with solid gains. The September 2021 contract saw an uptick of RMB 795/MT ($122.50/head) or 3 percent. The January 2021 contract had a similar increase of RMB 690/head ($106.32/head) or 2.7 percent. This divergence between the near term and the outlook for the fall...
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
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.