Livestock Live Hog Price Surges to Nearly RMB 21/kg China’s average live pig price set a new all-time high of RMB 20.92/kg ($2.98/kg) or RMB 9.49/lb. ($1.35/lb.) as of 14 August, a weekly gain of RMB 1.71/kg ($0.24/kg) or RMB 0.78/lb. ($0.11/lb.) that was the largest so far in 2019. It pushed that price above the previous record of RMB 20.80/kg ($2.96/kg) or RMB 9.43/lb. ($1.34/lb.) set during the first week of June 2016. This helped improve hog farmers’ operating margins, which have rebounded sharply to nearly RMB 1,100/head ($156.47/head). Oilseeds Soymeal Inventories Drop Significantly in Southeastern China After steadily climbing throughout July, estimated soymeal inventories in Fujian Province have declined not...
From WPI Consulting
Illuminating the value of technical research
On behalf of a commodity producer organization, WPI evaluated the outputs from a project that featured a $5 million investment into technical research over multiple years. WPI’s team captured the results of this extensive effort and synthesized them for presentation to the organization’s governing board; among the findings uncovered and presented for the first time was the development of genomic traits proven, via rigorous testing, to provide crop yield advantages of 50 percent or more to U.S. farmers in times of drought. Capturing measurable results from long-term efforts can be challenging. Educating clients on the dynamics of success measurement when quantifiable results are not readily available requires deep client-consultant collaboration and an ability to consider both near- and long-term client aspirations with market/policy dynamics – attributes that WPI brings to every consulting engagement.