Livestock Big Live Hog Price Increase As expected, the June survey of major hog producers in China reveals that the live pig price has begun to take off. Through July 17, China’s nationwide average live hog price had reached RMB 17.84/kg ($2.60/kg) or RMB 8.09/lb. ($1.18/lb.), an almost 5 percent increase in one week. It was the largest week-on-week uptick since the week of March 13. The price is up nearly 30 percent since the beginning of the year or an average of 1 percent per week. At this pace, food inflation will likely exceed 9 percent in July and put additional pressure on China’s strained economy. Dueling Pig Data Sources Early last week, China’s Ministry of Agriculture and Rural Affairs (MARA) and...
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...
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.