China Boosts Pork Reserves to Stabilize Price China's National Development and Reform Commission (NDRC), the country's top planning body, announced on 8 April that the government will begin purchasing pork reserves in more than 20 provinces at a price slightly higher than that found on the market. The hog-to corn ratio, the major indicator of industry profitability, has stayed below 6-to-1, which is the breakeven point for farmers for more than four consecutive weeks. Despite the government's slightly higher offer price, it is expected that hog farmers will find it difficult to make a turnaround in the short term. Additionally, the oversupply of hogs is expected to last a while.China's hog price has been cyclical, and in recent years tha...
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
Infrastructure investment due diligence
On behalf of a Canadian oilseed processer WPI's team provided market analysis, econometric modeling and financial due diligence in support of a $24 million-dollar investment in a Ukrainian crush plant. Consistent with WPI's findings, local production to supply the plant and the facility's output have expanded exponentially since the investment. WPI has conducted parallel work on behalf of U.S., South American and European clients, both private and public, in the agri-food space.