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...
Key Takeaways: Milk alone has not covered the full economic cost in any year since 2021: milk revenue fell short by $4.50, $2.15, $6.50, $1.27 and $2.34 per hundredweight in 2021 through 2025. Calf and cattle prices decided whether dairies cleared cost: cattle and other income lifted total rev...
Key Takeaways: Dry bulk markets are mixed with Capesize rates seeing solid gains while Panamax values slipped on a growing tonnage list. Supramax and Handysize vessels were stronger, though all sectors remain vulnerable to the seasonal dip in rates through Q4 and into Q1. Falling water l...
What You Need to Know Today: The Federal Reserve held interest rates steady at 3.75 to 4.0 percent Wednesday, with two officials dissenting in favor of a 25-basis-point increase. The Fed upgraded its assessment of economic growth from "solid" to "strong" but adopted a more patient approa...
From WPI Consulting
Infrastructure investment due diligence
On behalf of a Canadian oilseed processer WPI's team provided market analysis, econometric modeling and financial due diligence in support of a $24 million-dollar investment in a Ukrainian crush plant. Consistent with WPI's findings, local production to supply the plant and the facility's output have expanded exponentially since the investment. WPI has conducted parallel work on behalf of U.S., South American and European clients, both private and public, in the agri-food space.