Livestock Surging Hog and Pork Prices Draw Government’s Attention Recent surveys conducted by China’s Ministry of Agriculture and Rural Affairs (MARA) show the average wholesale price of pork as of 4 July grew to RMB 25.74/kg ($1.75/lb.). That represents a 4.8 percent increase from the previous week. Meanwhile, the national average live hog price has risen 81 percent since bottoming out in late March to nearly RMB 21/kg ($1.42/lb.) as of this past Monday. Regionally, the highest average domestic hog price is now in Guangdong, where it jumped at the start of this week to RMB 28/kg ($1.90/lb.). Through last week, data from the market information firm Boyar indicate the national live hog price had recovered to RMB 20.38/kg ($1.3...
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
Infrastructure investment due diligence
On behalf of a Canadian oilseed processer WPI's team provided market analysis, econometric modeling and financial due diligence in support of a $24 million-dollar investment in a Ukrainian crush plant. Consistent with WPI's findings, local production to supply the plant and the facility's output have expanded exponentially since the investment. WPI has conducted parallel work on behalf of U.S., South American and European clients, both private and public, in the agri-food space.