GOOD MORNING, Prices are generally lower this morning on neutral crop progress conditions and chart back-filling from recent highs. Oilshare continues to soften as traders buy meal/sell soyoil on better meal demand. Chinese meal prices closed higher as well as they continue to follow US strength. China's recovering swine and poultry sector suggests that meal demand could continue to rise for the balance of the year. For now, Chinese ports are saturated with recent purchases while crush is running ahead of last year's numbers. Brazil's depreciating currency resulted in farmers selling a record amount of beans to China in the first months of 2020. WEATHER - The 6/10 day outlook calls for isolated showers over...
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
Accountability and a comprehensive approach to export programming
WPI’s team helped construct a strategic approach to develop, implement, and track promotional activities in 8 key regions across the globe for an agricultural export association. With continued progress measurement and strategic advisory services from WPI, the association has seen its ROI from investments in promotional programming increase by 44 percent over the past 5 years. Not only does this type of holistic approach to organizational strategy provide measurable results to track and analyze, it fosters top-down and bottom-up organizational accountability.