GOOD MORNING, Prices are mixed as we head into the Planting Intentions/March1 stocks on Wed at 11:00 central time. Meal struggles against soyoil futures, while most of the markets remain on the defensive as all head into this major report long. Oilshare finds some stability as crude oil prices work back over the $60/barrel mark even though a steep drop in vegoil demand has sparked current liquidation. Month-end selling continues, and profit-taking into the March 31 report. March trade remains choppy as managed funds have stopped purchasing grains until they see the data in Wed. report. Inverses are weaker today as China buying has slowed. Corn prices struggle as many expect a bearish acreage...
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.