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 facility and its Eagle Mountain, Utah, case-ready plant. The company also plans to pursue the sale of its Pasco, Washington, facility. Two oil tankers owned by the UAE’s state-owned oil and gas company ADNOC were attacked while transiting the Strait of Hormuz, with the UAE accusing Iran of carrying out the attacks. The Pro Farmer Crop Tour begins Monday, August 17, and runs through August 20, providing the market with one of the first major independen...
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...
We have described the long-term investment climate in crop and livestock production, using data primarily from the Bureau of Economic Analysis (BEA). The data provided background on the current investment climate and outlook for agricultural capital formation. Our conclusion was that investment...
