China's fresh pork prices are at their lowest point since September 2010 and down 19 percent from September of last year. As a result, the Chinese National Development and Reform Commission (NDRC) has begun stockpiling pork in the national reserve in an effort to prevent low farm market hog prices. China Stockpiling Pork While U.S. hog and pork prices are moderating somewhat, they are still 9 percent higher than last year. That is not the case in China where fresh pork prices are around 17.94 yuan ($2.88) per kilo, their lowest point since September 2010 and down 19 percent from September of last year. As a result, the Chinese National Development and Reform Commission (NDRC), the state-run economic planning agency, has begun stockpiling...
What You Need to Know Today: U.S. weather is getting more attention this week as conditions vary greatly across the western, central, and eastern corn belts, with the different regions battling dryness and too much rain simultaneously. The ProFarmer Crop Tour began today in Indiana and Nebrask...
Key Takeaways: Argentina is on pace for a record corn crop and record exports in the current marketing year, with abundant supplies likely to keep the country highly competitive in global export markets. Argentina’s record exportable surplus is allowing it to offer highly competitive pri...
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.