Livestock China’s Live Hog Supply Improves for 10th Consecutive Month July figures from China’s Ministry of Agriculture and Rural Affairs (MARA) show the country’s reproductive sow inventory ticked up by 4 percent from June. Similarly, the total live hog inventory increased by 4.8 percent this past month. That marks ten consecutive months of growth for both reproductive sows and total live hogs. Farming operations also continued to recover in July. A total of 2,916 new hog farms were completed last month, bringing the total thus far in 2020 to just over 9,000 new entities. This expansion is quite significant given the large number of small and medium-sized operations that exited in late 2018 and throughout 2019 during th...
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...
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...
Beef packer margins declined to $190/head last week, down $32 from the prior week as the Choice cutout weakened while fed cattle prices remained steady. The cutout fell $2.56/cwt to $373/cwt while fed cattle prices held near $220/cwt, narrowing packer spreads after several weeks of improvement...
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.