Livestock China’s Live Hog and White Feather Broiler Markets Fall Further With China’s National Day holiday and Mid-Autumn Festival kicking off 1 October, hog and poultry producers have been pushing out inventories. In an effort to make-up for the shortages in 2019 and take advantage of a rapidly improving economic situation, meat processors have shifted into high gear. The massive sellout resulted in the national average live hog price falling last week by RMB 2.30/kg ($.34/kg) or RMB 1.04/lb. ($.15/lb.), a 6.5 percent decrease. Since its peak in July at RMB 38.20/kg ($5.61/kg) or RMB 17.33/lb. ($2.54/lb.), the national average price has fallen by 14 percent. Meanwhile, the ratio of the live hog price to feed grains fell by 6...
What You Need to Know Today: Russia rejected calls for a ceasefire in the Black Sea, including a proposal to halt attacks on civilian shipping that could help restore grain flows from Ukrainian ports. Tyson Foods announced plans to permanently close its Joslin, Illinois, beef processing facili...
The big news in the cattle markets yesterday was Tyson Foods’ move to close two more beef plants. One of them, the Joslin, Illinois, plant was shuttered immediately after the announcement. The other, in Eagle Mountain, Utah, is a case-ready plant that does not slaughter cattle. Tyson also...
The Bureau of Labor Statistics (BLS) released the Consumer Price Index (CPI) on Wednesday. In July, the CPI rose 0.1 percent, seasonally adjusted, and rose 3.4 percent over the last 12 months, not seasonally adjusted. The index for all items less food and energy, or the “core” infla...
From WPI Consulting
Accountability and a comprehensive approach to export programming
WPI’s team helped construct a strategic approach to develop, implement, and track promotional activities in 8 key regions across the globe for an agricultural export association. With continued progress measurement and strategic advisory services from WPI, the association has seen its ROI from investments in promotional programming increase by 44 percent over the past 5 years. Not only does this type of holistic approach to organizational strategy provide measurable results to track and analyze, it fosters top-down and bottom-up organizational accountability.