Livestock Domestic Live Hog Production Continues Upward Trend in October According to the most recent corporate filings and reports, China’s domestic live hog market reported strong monthly sales in October driven by high prices nationwide. The market leader, Muyuan Foodstuff Company, recorded sales of 4.78 million head last month, bringing its year-to-date total through October to just over 50 million head. By comparison, Wens Group and New Hope Group, the number two and three producers, had sales last month of 1.65 million and 1.45 million head, raising their totals so far in 2022 to 14.07 million and 11.36 million head, respectively. The total sales figures by the three market leaders for the first ten months of the year re...
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.