Livestock China’s Live Hog Market Still Weak, Looks to May for a Recovery China’s National Bureau of Statistics (NBS) released its latest economic production statistics last week, showing domestic production totaled 23.95 MMT in Q1. That represented an uptick of 8.8 percent from a year ago. Among all meat categories, pork production saw a year-on-year increase of 14 percent. Meanwhile, China’s domestic hog inventory at the end of March totaled 422.53 million head, up 1.6 percent from the end of March 2022, while the reproductive sow inventory came in at 41.85 million head, still above the optimal goal of 41 million and somewhat surprising given the impact of attenuated African Swine Fever (ASF) strains. All...
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.