Regional Updates MIDDLE EAST/MEDITERRANEAN COMMENTS Pakistan’s wheat export tender of last week has reportedly received a poor response. It was said that 12 traders participated, and their offered prices were below what had been anticipated with the highest bid at $219/MT for 25,000 MT and most around $200/MT. None of the bids are expected to be accepted. There are also reports from Pakistan that fall armyworms have arrived, and the government has said that action is being taken to control the threat. Saudi Agriculture and Land Investment Company (SALIC) is allegedly working to purchase 500,000 acres in West Australia. The farmland was listed for sale in Australian newspapers, but there were no offers from domestic interests. Any...
What You Need to Know Today: Funds remain in control of the market, which means broadly bearish trade for the ag sector. Monday’s massive corn export sale to Mexico helped trigger some short covering and a bit of other end-user buying in corn, which could help stabilize the market. Wheat...
With less than 24 hours until Election Day, control of the Senate remains a wild card. Republicans and Democrats alike say they are poised to win control of the chamber in the new Congress that starts in January 2027. The House of Representatives is more of a lost cause for continued Republican...
Key Takeaways: U.S. hog and pork prices have declined sharply, with December lean hog futures ending October at $58.875/cwt and the pork cutout reaching its lowest level since January 2021. Seasonal increases in hog slaughter and pork production have contributed to price weakness, although the...
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.