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: Commodities were mostly lower across the board today after yesterday’s Federal Reserve meeting hinted at a potential interest rate hike later in 2026. The dollar index reached its highest level in over a year, and a strong dollar makes U.S. agricultural expor...
Tomorrow is the Juneteenth federal holiday, and the USDA, along with the rest of the federal government and the CME, will be closed, so the monthly Cattle on Feed report was released a day early. The total number of cattle on feed in feedlots with 1,000 head or more capacity on 1 June amounted...
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.