Livestock Feed Costs Continue to Surge Courtesy of rising costs for corn, corn byproducts, and soymeal, major feed mills announced another round of price hikes this week. In addition, with the Golden Week holiday set to start on Saturday, many oilseed crushers have cut back or suspended operations. The proposed increases for feed products range from RMB 50 to 300/MT ($7.15 to 42.92/MT). In some regions of the country, soymeal with just 43 percent protein reached an average price of RMB 5,200/MT ($743.92/MT), the highest level in a decade. National Live Hog Price Up More Than 3 Percent Last Week Domestic hog prices have been on a tear in September. Even with steady releases of frozen pork from state-owned reserves, the volumes remain rel...
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
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.