Livestock China’s Pork Price Continues to Climb, White Feather Broilers Up The latest data from China’s Ministry of Agriculture and Rural Affairs, drawn from 16 surveyed provinces and cities, showed the wholesale price for lean pork rose by 6.8 percent this past week. Tight pig supplies and recovering demand pushed the average price to RMB 50.6/kg ($7.24/kg) or RMB 22.95/lb. ($3.28/lb.). Similarly, the average live hog price increased by RMB 2.00/kg ($.29/kg) or RMB .91/lb. ($.13/lb.). At RMB 37.96/kg ($5.43/kg) or RMB 17.22/lb. ($2.46/lb.), the national average live pig price is at its highest level since the first week of last September. The operating profit per live pig also saw a nice uptick, improving by RMB 239/head ($34...
What You Need to Know Today: China’s state-run COFCO, in statements on Tuesday, implied that U.S. corn exports were currently uneconomical but hinted that the Middle Kingdom would import 3.5 MMT of the feed grain this year, with 1 MMT likely sourced from the U.S. Another drone attack has...
Tanker-tracking data shows a smaller recovery in oil flowing through the Strait of Hormuz than previously thought. Energy Secretary Chris Wright, speaking by video to an international energy conference in Riyadh, Saudi Arabia, said that oil moving through the strait was back to 80 to 90 percent...
Key Takeaways: While soybean, palm, sunflower, and rapeseed oils dominate global vegetable oil markets, premium oils such as olive, avocado, coconut, and sesame command substantially higher prices due to their distinctive flavors, nutritional characteristics, and specialized culinary uses.. Ol...
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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.