A recent Rabobank report says the poultry industry will grow more than 60 percent over the next 20 years, but the expansion will be far greater percentage-wise in Sub-Sahara Africa than globally. While that sector has not previously attracted much investment there, the report indicates a reason why this is changing. Regional Updates MIDDLE EAST/MEDITERRANEAN COMMENTS The latest International Grains Council (IGC) report shows the 2016/17 Moroccan wheat crop to be down from 8.1 MMT to only 2.7 MMT with wheat imports set at about 4.3 MMT. Morocco expected the low wheat production and built reserve stocks at the end of the last crop year, which is why the imports aren’t any higher. Meanwhile, corn imports for 2016/17 are viewed as unchanged...
What You Need to Know Today: Russia rejected calls for a ceasefire in the Black Sea, including a proposal to halt attacks on civilian shipping that could help restore grain flows from Ukrainian ports. Tyson Foods announced plans to permanently close its Joslin, Illinois, beef processing facili...
The big news in the cattle markets yesterday was Tyson Foods’ move to close two more beef plants. One of them, the Joslin, Illinois, plant was shuttered immediately after the announcement. The other, in Eagle Mountain, Utah, is a case-ready plant that does not slaughter cattle. Tyson also...
The Bureau of Labor Statistics (BLS) released the Consumer Price Index (CPI) on Wednesday. In July, the CPI rose 0.1 percent, seasonally adjusted, and rose 3.4 percent over the last 12 months, not seasonally adjusted. The index for all items less food and energy, or the “core” infla...
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.