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: 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.