The Agricultural Development Bank of China (ADBC) recently urged the government to accelerate the sales of reserve grains and cottons. Borrowing for the stockpiling of farm products accounted for 70 percent of the bank's total loans in 2013, and the returns have been too low to even cover the costs. Excessive Pork Supply Continues To Drive Price Down After falling 9 percent in February, the most in more than one year, China's pork prices remain weak in March. The hog price averaged $1.92/kg during the week of 17 March, nearly 12 percent down year-on-year. Hog breeding in most areas suffered losses of more than $33/head, which was triple the amount experienced last year. In Guangdong province, the hog price has been on a downward trend for...
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
Weighing in on strategic realignment
WPI’s team was retained by the governing board of a U.S. industry organization to review a decision, reached by vote, to invest significant assets into the development and management of an export trading company. WPI’s team conducted a formal review of this decision and concluded that the current level of market saturation would limit the benefits of the investment. Based on WPI’s analysis and recommended actions, the board subsequently reversed its decision and undertook a strategic planning effort to identify more impactful investments. On behalf of numerous clients, WPI has not only assisted in identifying strategic paths but also advised their implementation.