Livestock Live Hog Price Reverses Slide, Ticks Up 2.5 Percent The national average domestic hog price saw a solid recovery last week after 20 straight weeks of declines thanks to a reduction in the number “double fattened” hogs. That translated into a week-on-week gain of RMB .33/kg ($.05/kg) or RMB .15/lb. ($.02/lb. That helped reduce the operating loss per live hog by RMB 37/head ($5.72/head). In some regions, local prices over the past ten days have reportedly risen by 30 percent based on the sharp drop in overweight pigs in the marketplace and the anticipation that government purchases of frozen pork for state reserves will put a floor on wholesale prices. On the future’s front, the September 2021 live hog contract h...
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.