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: 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.