Livestock Hog Futures from May Onward Trend Upwards as Market Reopens Prior to the start of the Lunar New Year holiday, live hog futures on the Dalian Commodity Exchange (DCE) ended January down across the board. The March 2022 contract closed at RMB 13,425/MT ($2,110.68/MT), a decline of RMB 455/MT ($71.54/MT) from the previous week’s settlement price. Similarly, the May 2022 contract, the second most heavily traded by volume and turnover fell by RMB 515/MT ($80.97/MT) from the prior settlement price to end the Year of the Ox at RMB 14,420/MT ($2,267.18/MT), casting doubt on a Q2 recovery for live hog prices. In fact, with the March 2022 and May 2022 corn futures contracts closing out January at RMB 2,722/MT ($427.95/MT) and RMB 2,...
What You Need to Know Today: Commodities were mostly lower across the board today after yesterday’s Federal Reserve meeting hinted at a potential interest rate hike later in 2026. The dollar index reached its highest level in over a year, and a strong dollar makes U.S. agricultural expor...
Tomorrow is the Juneteenth federal holiday, and the USDA, along with the rest of the federal government and the CME, will be closed, so the monthly Cattle on Feed report was released a day early. The total number of cattle on feed in feedlots with 1,000 head or more capacity on 1 June amounted...
From WPI Consulting
Illuminating the value of technical research
On behalf of a commodity producer organization, WPI evaluated the outputs from a project that featured a $5 million investment into technical research over multiple years. WPI’s team captured the results of this extensive effort and synthesized them for presentation to the organization’s governing board; among the findings uncovered and presented for the first time was the development of genomic traits proven, via rigorous testing, to provide crop yield advantages of 50 percent or more to U.S. farmers in times of drought. Capturing measurable results from long-term efforts can be challenging. Educating clients on the dynamics of success measurement when quantifiable results are not readily available requires deep client-consultant collaboration and an ability to consider both near- and long-term client aspirations with market/policy dynamics – attributes that WPI brings to every consulting engagement.