Regional Updates MIDDLE EAST/MEDITERRANEAN COMMENTS Al Dahra Holdings of Abu Dhabi has announced that it will invest $500 million in Romania with the goal of producing 1 MMT of grain by 2022. Most of the funding will be used to acquire farmland and modernize agricultural equipment. The company also says that it hopes to invest in Constanza port to facilitate grain exports. Al Dahra has existing investments in Romania and owns the largest farm producer in the country. It has also invested in other Eastern European countries in recent years. The latest FAO report on Morocco shows that 2018 wheat and barley production are up approximately 3 percent at 7.33 MMT and close to 17 percent at 2.92 MMT, respectively. Corn production, which is norm...
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
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.