Livestock Central Government Takes More Steps to Rein in Pork Prices Following the auction of frozen reserved pork last week, China’s National Development and Reform Commission (NDRC) plans to release 15,000 MT more this Sunday. By the end of the month, a total of 200,000 MT of frozen reserved pork is expected to be put up for auction, as the Golden Week, recognizing the founding of modern China, will begin on 1 October. Party leadership is keen on keeping retail pork prices where most people can afford them given the economic doldrums impacting the country. In the provinces of Jiangxi and Anhui, the recent auction saw an average price below the RMB 20/kg ($1.31/lb.) threshold, and lower than most national prices. Following t...
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...
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.