Livestock Live Hog and White Broiler Prices Retreat After weeks of climbing like a rocket, the national average live pig price dipped last week to RMB 39.83/kg ($5.66/kg) or RMB 18.07/lb. ($2.57/lb.). This is a week-on-week decrease of RMB .19/kg ($.03/kg) or RMB .09/lb. ($.01/lb.). Reports from the Xinfadi terminal market in Beijing said last week that slaughterhouses have been delivering heavier hogs with much higher fat content. Purchases in September by restaurants, cafeterias, and other foodservice companies decreased due to lower quality and limited supplies of lean carcasses. The price of lean hog carcasses in Xinfadi continued to pick up steam due to a lack of availability as the premium for these hogs widened by as much as RMB 7...
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.