North Korean leader Kim Jong Un was in the news inspecting a new chicken farm and calling for improvements to an outdated poultry industry. Efficient poultry production involves processes and feed. The former may be easier than the latter given that country’s climate and geography, though that is not absolute. Amongst the exporters of surplus chicken meat, China and the U.S. tend to utilize more total corn and soymeal. Brazil is the largest poultry exporter and uses relatively less total corn and soymeal. Definitive feed rations are unknown and there are lots of substitution possibilities.
Like North Korea, Russia sought to modernize its poultry industry several years ago after it found that half of its consumption was being...
What You Need to Know Today: The corn and soybean markets closed slightly higher in low-volume trade. The wheat market was mixed, with HRW continuing its downward trek on improved moisture. As expected, the bearish cattle on feed report drove down cattle prices and pulled hogs down with it. Mi...
Monday, 25 May is a U.S. holiday, and both the markets and our office will be closed. Please note that the next issue of Ag Perspectives will be published on Tuesday, 26 May. The WPI staff wishes everyone a safe and enjoyable holiday weekend...
USDA’s monthly cattle on feed report was released today. The total number of cattle on feed in feedlots with 1,000 head or more capacity amounted to 11.6 million head, 102 percent of last year. Source: USDA, WPI Placements were up, but part of that is attributable to persistent drought c...