While some grain market experts are expecting a 35 percent boost in Ukrainian wheat exports in MY 2015/16 compared with the past two years, there are also reports of foreign investments in grain terminal construction or expansion at several of the country's seaports. Russian Grain Markets: 25-29 January 2016 During the week in review, grain prices at the Russian market continued to grow in RUB expression despite strengthening of the currency and also increased in USD expression. GEOGRAPHICALLY 3rd grade soft milling wheat prices decreased in the South (-$0.80/MT), but they grew in Central and Siberia (+$0.20/MT), Black Soil and Ural (+$0.60-0.80/MT), and Volga Valley (+$1.20/MT).4th grade milling wheat prices also dropped in the S...
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.