A combination of certain factors continued to push down China's wholesale hog prices in February. Other developments are having an impact on the structure of the pork industry there, which means the outlook for imported pork from Canada, the EU and the U.S. remains strong for the balance of 2017.
Livestock China’s Wholesale Domestic Hog Prices Continue to Retreat A combination of the ongoing surge in imports, declining demand and end of New Year celebrations continued to push down wholesale hog prices in February. Through the week ended 10 February 2017, China’s average wholesale domestic pig price had fallen 1.5 percent from RMB 18.61/kg ($2.70/kg) or $1.23/lb. the previous week to 18.33/kg to ($2.66/kg) or about $...
What You Need to Know Today: Russia rejected calls for a ceasefire in the Black Sea, including a proposal to halt attacks on civilian shipping that could help restore grain flows from Ukrainian ports. Tyson Foods announced plans to permanently close its Joslin, Illinois, beef processing facili...
The big news in the cattle markets yesterday was Tyson Foods’ move to close two more beef plants. One of them, the Joslin, Illinois, plant was shuttered immediately after the announcement. The other, in Eagle Mountain, Utah, is a case-ready plant that does not slaughter cattle. Tyson also...
The Bureau of Labor Statistics (BLS) released the Consumer Price Index (CPI) on Wednesday. In July, the CPI rose 0.1 percent, seasonally adjusted, and rose 3.4 percent over the last 12 months, not seasonally adjusted. The index for all items less food and energy, or the “core” infla...
