Saudi Arabia's grain imports for 2015/16 are expected to rise by about 1 MMT to 17.4 MMT. This includes 8.5 MMT of barley, 3.6 MMT of corn, 3.8 MMT of wheat and 1.5 MMT of rice.
Regional Updates MEDITERRANEAN/MIDDLE EAST COMMENTS Egypt’s government has advised that frozen meat will be imported from Sudan in an effort to control the recent meat price increases in the country. The local poultry and livestock industries are of course not happy about this as they have been struggling to stay profitable in an industry that is dependent on the import of major feed ingredients such as corn and soymeal. In recent weeks, the local meat prices have risen by 20 percent, and the government says that this is a major portion of the inc...
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...
