Regional Updates MEDITERRANEAN/MIDDLE EAST/NORTH AFRICA Pakistan’s government says it will have about 530,000 MT of certified wheat seeds available for CY 2021/22 - up from 513,000 MT last year. The government is also working to control the recent increases in fertilizer prices. The minimum support price was not announced by the government as it said an announcement would be made prior to the next crop sowing. The government also pointed out that while Pakistan is the world’s eighth largest producer of wheat it is only number 64 in terms of wheat productivity. Jordanian Ag engineers are attending a five-day fall armyworm (FAW) control and integrated pest management course that has been developed and sponsored by the FAO...
What You Need to Know Today: Markets got a surprise with a corn yield of 181.2 bushels/acre in the October WASDE, above the average estimate of 177.6 bushels/acre and up from USDA’s September estimate of 178.5 bushels/acre. Although stronger demand is expected to absorb some of the addit...
The USDA has lowered its 2026 red meat production forecasts slightly while forecasting a slight increase in broiler production. Beef is now projected at 24.802 billion pounds, 75 million pounds less than in September. Cow slaughter is expected to be up; however, this will be offset by lower ste...
From WPI Consulting
Communicating importance of value-added products
Facing increasing pressure to quantify the value of export promotion efforts to investors, a U.S. industry organization retained WPI to develop a quantitative model that better communicated the importance of exports. The resulting model concluded that value-added meat exports contributed $0.45 cents per bushel to the price of corn, increasing support for that sector’s financial support of WPI’s client. In addition to serving the red meat industry with this type of analysis, WPI has generated similar deliverables for the U.S. soybean and poultry/egg industries.