Pakistani customs officials have confiscated shipments from Ukraine, Russia and Moldova, claiming there are quality issues. The latest seizure was reportedly due to fungus in the cargo that made the wheat unfit for milling, while other complaints abound regarding subsidy payments.
Regional Updates World livestock feed production is expected to increase in 2015 by 1.6 percent to 846.5 MMT, according to Feed International. It is interesting to see that the data used indicates that feed production in the Middle East/North Africa (MENA) region and Africa represents just less than 3 percent of the total volume, while it is actually up by 109 percent compared with the previous year – not a bad growth trend. MEDITERRANEAN/MIDDLE...
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...