World Perspectives
livestock

Hog Wild Pork Markets

After a few weeks out of the market, China purchased 77,700 MT of U.S. pork last week. That makes it the number three destination (behind Mexico and Korea) for pork exports in 2019. Export sales totaled 90,700 MT, including to Korea (3,600 MT), Chile (2,900 MT), Japan (2,200 MT), Australia (1,800 MT) and Canada (1,100). The news lifted the lean hog futures contracts across the board with the June contract opening at $99.45/cwt after bottoming out at $74.65/cwt as recently as 19 March. These levels haven’t been seen since 2014 and are up around 60 percent on the year. However, as WPI has cautioned, the trade uncertainty and lack of transparency on the African swine fever (ASF) issues in China have made the market a bit of a rollercoas...

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From WPI Consulting

Accountability and a comprehensive approach to export programming

WPI’s team helped construct a strategic approach to develop, implement, and track promotional activities in 8 key regions across the globe for an agricultural export association. With continued progress measurement and strategic advisory services from WPI, the association has seen its ROI from investments in promotional programming increase by 44 percent over the past 5 years. Not only does this type of holistic approach to organizational strategy provide measurable results to track and analyze, it fosters top-down and bottom-up organizational accountability.

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