Livestock Weak Demand Continues to Hold Back Live Hog Prices According to latest surveys conducted by China’s National Bureau of Statistics (NBS), the average domestic live hog price grew to RMB 15.85/kg ($1.07/lb.) last week. That follows the private information reported from the week before by Boyar. Boyar’s data shows that just before last Friday’s nationwide Dragon Day holiday, the average price had retreated by RMB .04/kg ($.003/lb.) or .3 percent to RMB 15.81/kg ($1.09/lb.). Overall, based on NBS’s figures, the domestic live hog price has regained more than 32 percent of its value since the market bottomed in early March. According to the figures from Boyar, the national average price over the same period has...
What You Need to Know Today: Commodities were mostly lower across the board today after yesterday’s Federal Reserve meeting hinted at a potential interest rate hike later in 2026. The dollar index reached its highest level in over a year, and a strong dollar makes U.S. agricultural expor...
Tomorrow is the Juneteenth federal holiday, and the USDA, along with the rest of the federal government and the CME, will be closed, so the monthly Cattle on Feed report was released a day early. The total number of cattle on feed in feedlots with 1,000 head or more capacity on 1 June amounted...
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.