Egypt advises that a new project to establish a database of all poultry production in the country, covering as many as 250 million birds, is intended to aid in the control of avian flu and other diseases that affect this sector. It also notes two other measures that will be implemented. Regional Updates MIDDLE EAST/MIDDLE EAST COMMENTS Egypt’s GASC bought an enormous amount of wheat this week, 535,000 MT, mostly of Black Sea origin except for a surprising 120,000 MT from France. According to traders’ comments, this may be its last tender for a few months as the local wheat harvest is not far away, and GASC has already purchased close to 50 percent of the year’s import requirements, which total 5.1 MMT.Egypt reports that it has sufficient...
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
Weighing in on strategic realignment
WPI’s team was retained by the governing board of a U.S. industry organization to review a decision, reached by vote, to invest significant assets into the development and management of an export trading company. WPI’s team conducted a formal review of this decision and concluded that the current level of market saturation would limit the benefits of the investment. Based on WPI’s analysis and recommended actions, the board subsequently reversed its decision and undertook a strategic planning effort to identify more impactful investments. On behalf of numerous clients, WPI has not only assisted in identifying strategic paths but also advised their implementation.