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

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.

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