Livestock Live Hog Inventories Surpass Pre-African Swine Fever Levels Last week, China’s Deputy Minister of Agriculture and Rural Affairs (MARA), Ma Youxiang, announced the complete recovery of the country’s sow and live hog stocks. Through the end of July, China’s combined sow inventory now stands at 101.6 percent of the total at the end of 2017, while the live hog stock has recovered to 100.2 percent of the total at the end of that year. On a numbers basis, the total live hog inventory at the end of 2017 amounted to roughly 400 million head, so the current total through July would stand at 400.8 million. By comparison, the total sow stock stood at about 43 million at the end of 2017, so that would mean through the end...
What You Need to Know Today: Commodities were mostly lower across the board today after yesterday’s Federal Reserve meeting hinted at a potential interest rate hike later in 2026. The dollar index reached its highest level in over a year, and a strong dollar makes U.S. agricultural expor...
Tomorrow is the Juneteenth federal holiday, and the USDA, along with the rest of the federal government and the CME, will be closed, so the monthly Cattle on Feed report was released a day early. The total number of cattle on feed in feedlots with 1,000 head or more capacity on 1 June amounted...
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Illuminating the value of technical research
On behalf of a commodity producer organization, WPI evaluated the outputs from a project that featured a $5 million investment into technical research over multiple years. WPI’s team captured the results of this extensive effort and synthesized them for presentation to the organization’s governing board; among the findings uncovered and presented for the first time was the development of genomic traits proven, via rigorous testing, to provide crop yield advantages of 50 percent or more to U.S. farmers in times of drought. Capturing measurable results from long-term efforts can be challenging. Educating clients on the dynamics of success measurement when quantifiable results are not readily available requires deep client-consultant collaboration and an ability to consider both near- and long-term client aspirations with market/policy dynamics – attributes that WPI brings to every consulting engagement.