Livestock Live Hog Price Surges to Nearly RMB 21/kg China’s average live pig price set a new all-time high of RMB 20.92/kg ($2.98/kg) or RMB 9.49/lb. ($1.35/lb.) as of 14 August, a weekly gain of RMB 1.71/kg ($0.24/kg) or RMB 0.78/lb. ($0.11/lb.) that was the largest so far in 2019. It pushed that price above the previous record of RMB 20.80/kg ($2.96/kg) or RMB 9.43/lb. ($1.34/lb.) set during the first week of June 2016. This helped improve hog farmers’ operating margins, which have rebounded sharply to nearly RMB 1,100/head ($156.47/head). Oilseeds Soymeal Inventories Drop Significantly in Southeastern China After steadily climbing throughout July, estimated soymeal inventories in Fujian Province have declined not...
What You Need to Know Today: After a period of limited activity, USDA reported a sizeable 613 KMT in soybean export sales, including 330 KMT to China and 283 KMT to unknown destinations, potentially also China. The purchases represent a meaningful pickup in demand and bring China closer to ful...
Key Takeaways: Dry bulk markets remain mixed with Capesize vessels seeing continued pressure from weaker demand while fixtures and rate strength gradually increases towards the smaller vessel classes. Tanker markets are pulling back from their recent highs as tonnage moves out of the Mid...
The Trump import plan for 300,000 MT of beef supplies used for ground beef, i.e., lean trim, from September through November has, according to Secretary Brooke Rollins, brought some relief to beef prices. The Executive Order states that the Secretary of Agriculture will analyze and review the m...
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.