Livestock MARA Assures Market Has Ample Hog Supply, Warns of Excess On October 28, China’s Ministry of Agriculture and Rural Affairs (MARA) stated that current figures for reproductive sows, live hogs, and piglets have grown steadily. Based on surveys covering the past five months, dating back to May, the overall hog inventory has seen a strong build up and as such, live hog output is expected to meet the holiday demand here in December and through the Lunar New Year. At the same time, MARA urged regional bureaus to closely monitor changes in sow inventories in their geographical areas of responsibility and to utilize market stabilization tools in the form of loans, subsidies, and rentable land to ensure steady production. In keepin...
The corn and soy complex closed higher, with the wheat market mixed, as winter wheat closed up but spring wheat and livestock ended lower. Part of the strength for corn and soybeans may have been a weather premium, as crop planting has started out fast but warm weather has been slow to develop...
Reflect for a moment on what you eat. There is a lot of advice out there in the ether about what you should eat, but really, what do you currently eat and how much? The good people at the USDA have some data for you, to help you answer that question. USDA says that we eat quite a bit of meat. L...
WPI recently completed an expansion of our methodology for estimating and forecasting U.S. and global soybean crushing margins. The new approach incorporates the energy market’s expanding influence on the oilseed sector and the structural changes in global biofuel demand. This report is i...
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.