Egypt's tourism industry, which greatly affects the country's poultry sector, has improved since 2013. There are other factors, though, that are also impacting domestic poultry prices and supplies.
The Middle East/North Africa (MENA region) is the largest importer of French wheat, and France has once again raised its estimate of wheat exports for the current year from 8.8 MMT to 9.8 MMT. This is still down by about 20 percent from last year, but it is much better than had been expected in late 2014 forecasts. Reuters says that the increase has been pushed along by a weak euro coupled with a drop in export supplies from the Black Sea as well as increased export demand for feed wheat. MEDITERRANEAN/MIDDLE EAST COMMENTS In a statement of...
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...
