Today's pork cutout value was the lowest since spring 2009. One reason is a drop in cases of Porcine Epidemic Diarrhea virus (PEDv), but there are also other factors at play. Plummeting Pork Prices As of today, the pork carcass cutout value has dropped to $73.97 cwt for an average so far this week of $75.85/cwt, which is $4.76/cwt below last week's average and down 44 percent from the record-high level of $136.11/cwt for the week of 18 July 2014.Today's cutout value was the lowest since spring 2009. Herd expansion has led increased slaughter numbers. Indeed, this week's slaughter was 6.2 percent above the same week a year ago. Also, while cumulative totals for the year are slightly off, this past week's expanded slaughter has been at heav...
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...
Key Takeaways: Expected growth in U.S. soybean crushing capacity and output, driven by biofuel demand, will increase domestic soymeal supplies, with production growth significantly outpacing demand. WPI forecasts soymeal production increasing from 65.8 million short tons in 2026/27 to 70.5 mil...
Russian Grain Markets: 19–23 October 2026 The Russian grain market continued its recovery during the week, although prices remained volatile across regions. Wheat was notably bullish, while feed barley and corn were slower to appreciate, primarily because of weaker export demand amid logi...
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.