Hog prices are about to hit the summer doldrums, but how will they compare to last year’s levels? Meanwhile, PEDv is making a comeback in Canada, the EPA releases ethanol volumes, and the broiler industry deals with woody breast syndrome. What’s Ahead for Hog Prices? The 1 July Hogs and Pigs report that showed a record swine herd is starting to be seen in the market as a catalyst to the normal seasonal swings. It is the beginning of the third quarter, which signals the summer doldrums for hog prices. Hogs were one of the top performing commodities of the second quarter, up 38 percent in price during the entire 13 weeks and 59 percent higher from trough to peak.Last year the hog market saw prices drop about 45 percent from the end of the s...
What You Need to Know Today: After a period of limited activity, USDA reported a sizeable 613 KMT in soybean export sales, including 330 KMT to China and 283 KMT to unknown destinations, potentially also China. The purchases represent a meaningful pickup in demand and bring China closer to ful...
Key Takeaways: Consumer spending is a key driver of the U.S. economy, and the latest retail sales data indicate that spending remains robust despite inflation. In September, total retail and food service sales rose more than 6 percent year-over-year, with food service spending up 7 percent and...
The Trump import plan for 300,000 MT of beef supplies used for ground beef, i.e., lean trim, from September through November has, according to Secretary Brooke Rollins, brought some relief to beef prices. The Executive Order states that the Secretary of Agriculture will analyze and review the m...
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.