Egypt has faced a much stronger outbreak of avian flu this year in small village flocks, which experts attribute to a specific factor. While none have been reported in the country's commercial poultry operations, consumer reactions impact both that market and corn/soymeal consumption.
Regional Updates Middle Eastern wheat buyers are very pleased that Russia's Ag Ministry is said to be planning/proposing an end to the wheat export tariff on 1 July. This is of course only a proposal to the government, but that would seem to be the best time to terminate it as July is the start of the grain marketing year and winter wheat crops should be available. Russia is expecting a smaller crop this season, however, although local stocks are u...
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...