According to a recent report, corn consumption in Saudi Arabia will increase by close to 23 percent in the next four years. This will all have to be imported with most of it going to the rapidly expanding poultry sector that is expected to grow by 52 percent over the same time span.
News Updates MEDITERRANEAN/MIDDLE EAST COMMENTS Very bad weather in Egypt has closed a number of ports, mainly on the Suez or the Red Sea, but severe rains and high winds have slowed port operations in Mediterranean grain ports.The Cairo Chamber of Commerce announced that its poultry division has been involved in serious discussions between Brazilian interests and Egyptian poultry producers that could lead to a very significant investment in the Egy...
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...
