Regional Updates MIDDLE EAST/MEDITERRANEAN COMMENTS The growth in Turkey’s animal feed industry is very interesting, rising approximately 8 percent per year with production up from 13 MMT in 2011 to 22 MMT in 2017. It is largely dependent on imports of corn, DDGS and soymeal for its requirements, which is understandable as the country’s total corn production is limited to just over 6 MMT. Feed production for all animal sectors has increased significantly and possibly the most for dairy due to government efforts to expand local dairy production. The feed industry believes that the recent growth rates will continue for the next few years, providing very good opportunities for investment in that business as well as the grain/prot...
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...
From WPI Consulting
Forecasting developments in production agriculture
On behalf of a private U.S. agricultural technology provider, WPI’s team generated an econometric model to forecast the movement of concentrated corn production north and west from the traditional U.S. Corn Belt. WPI’s model has subsequently provided quantitative support to a multi-million-dollar investment into short-season corn variety development. WPI’s methodology included a series of interviews with regional grain elevators and seed consultants. Emphasizing outreach and communication with stakeholders who possess intimate sectoral knowledge – on-the-ground insights – is a regular component of WPI’s methodologies, made possible by WPI’s ever-growing network of industry contacts.