Livestock Falling Pig Prices Push Government to Consider Interventions The national average live pig price fell below RMB 15/kg ($2.35/kg) or RMB 6.80/lb. ($1.06/lb.) last week, its lowest level since the end of February 2019. With a week-on-week decline of 8.5 percent that translated into a decrease of RMB 1.38/kg ($.22/kg) or RMB .63/lb. ($.10/lb.). The average profit per live pig plummeted by 73 percent or RMB 84/head ($13.15/head), the smallest margin since early March 2019. Data from China’s National Bureau of Statistics indicates the average live hog price has fallen 11.2 percent during the first two weeks of June. Data from Boyar suggests the average live hog price has dropped by as much as 15.2 percent during the first half...
From WPI Consulting
Forecasting developments in production agriculture
On behalf of a private U.S. agricultural technology provider, WPI’s team generated an econometric model to forecast the movement of concentrated corn production north and west from the traditional U.S. Corn Belt. WPI’s model has subsequently provided quantitative support to a multi-million-dollar investment into short-season corn variety development. WPI’s methodology included a series of interviews with regional grain elevators and seed consultants. Emphasizing outreach and communication with stakeholders who possess intimate sectoral knowledge – on-the-ground insights – is a regular component of WPI’s methodologies, made possible by WPI’s ever-growing network of industry contacts.