World Perspectives
livestock

Pending Hogs and Pigs Report; China Impact

Hogs and Pigs Report Coming  USDA will release its quarterly hogs and pigs inventory report after trading closes today. The inventory as of 1 June is estimated to be 103 percent of the same period last year, and market hogs are forecast at 103.1 percent of year-ago levels. If realized, both would eclipse the previous records for the March-May quarter set in 2017 (the data goes back to 1964). Meanwhile, sows kept for breeding are estimated to be 101.7 percent of last year. The sector continues to expand with more hogs, pigs and slaughter capacity all coming. The focus moving forward, therefore, is on demand, which has been strong so far. Last week’s national negotiated swine price was $82.16/cwt, less than $86.35/cwt a year ago...

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From WPI Consulting

Forecasting developments in production agriculture

On behalf of a private U.S. agricultural technology provider, WPI’s team generated an econometric model to forecast the movement of concentrated corn production north and west from the traditional U.S. Corn Belt. WPI’s model has subsequently provided quantitative support to a multi-million-dollar investment into short-season corn variety development. WPI’s methodology included a series of interviews with regional grain elevators and seed consultants. Emphasizing outreach and communication with stakeholders who possess intimate sectoral knowledge – on-the-ground insights – is a regular component of WPI’s methodologies, made possible by WPI’s ever-growing network of industry contacts.

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