World Perspectives
livestock

Hurricane and Hogs; USDA and Cell-Cultured Meat; Canada and Dairy

Hurricane Florence and Hogs Hurricane Florence is headed to the Carolinas, and anticipation of its impact on North Carolina’s hog production and processing capacity has been whipsawing lean hog futures. As of approximately 8 A.M. (EDT) this morning, the storm was predicted to move slightly south of the original path. However, it is still expected to hammer an area key to pork production around Wilmington and Cape Fear. North Carolina is home to approximately 12 percent of hog production and 10 percent of processing capacity. Smithfield has closed two plants: Tar Heel (32,500 head/day capacity) and Clinton (10,600 head/day capacity). Also in the swath of the storm is its Gwaltney, Virginia plant (10,200 head/day capacity). The hurr...

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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.

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