Wheat: Net sales of 661,700 metric tons for 2019/2020--a marketing year high--were up 11 percent from the previous week and 37 percent from the prior 4-week average. Corn: Net sales reductions of 2,500 MT resulting in increases for Mexico (13,500 MT, including decreases of 49,100 MT), El Salvador (9,200 MT, including 8,000 MT switched from Guatemala, 6,500 MT switched from Nicaragua, 4,000 MT switched from Honduras, and decreases of 400 MT), Taiwan (5,700 MT, including decreases of 100 MT), Nicaragua (3,400 MT, including 6,000 MT switched from Costa Rica and 3,800 MT switched from El Salvador), and Costa Rica (3,400 MT), were partially offset by reductions for Japan (21,900 MT) and unknown destinations (19,400 MT).&...
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
Weighing in on strategic realignment
WPI’s team was retained by the governing board of a U.S. industry organization to review a decision, reached by vote, to invest significant assets into the development and management of an export trading company. WPI’s team conducted a formal review of this decision and concluded that the current level of market saturation would limit the benefits of the investment. Based on WPI’s analysis and recommended actions, the board subsequently reversed its decision and undertook a strategic planning effort to identify more impactful investments. On behalf of numerous clients, WPI has not only assisted in identifying strategic paths but also advised their implementation.