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: 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
Weighing in on strategic realignment
WPI’s team was retained by the governing board of a U.S. industry organization to review a decision, reached by vote, to invest significant assets into the development and management of an export trading company. WPI’s team conducted a formal review of this decision and concluded that the current level of market saturation would limit the benefits of the investment. Based on WPI’s analysis and recommended actions, the board subsequently reversed its decision and undertook a strategic planning effort to identify more impactful investments. On behalf of numerous clients, WPI has not only assisted in identifying strategic paths but also advised their implementation.