Livestock Live Hog Price Continues Run, White Feather Broilers Rebound China’s national average live hog price continued its steady climb to close out May with an uptick of RMB .11/kg ($.007/lb.) or .7 percent. The continued run has lessened the average loss per live hog by another RMB 10/head ($1.50/head) or 29.4 percent. With the average domestic corn price dropping last week, the corn-hog ratio on a cash basis rose to 5.46. Meanwhile, the July and September hog futures contracts on the Dalian Commodity Exchange ended last week down RMB 295/MT ($44.16/MT) and RMB 305/MT ($45.66/MT) from the previous week’s settlement prices to finish at RMB 16,710/MT ($2,501.50/MT) and RMB 18,735/MT ($2,804.64/MT), respectively. Through toda...
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.