Trading in agricultural products has been light due to China’s Mid-Autumn Festival. Year to date, U.S. exports to China have reached their third highest volume on record...
Markets Closed in Observance of Annual Mid-Harvest Festival The official day of China’s 2017 festival is today, 4 October 2017. This traditional holiday is the second most import on China’s cultural calendar, after the annual lunar new year celebrations. The holiday recognizes the agricultural harvest and celebrates the point of the year when the moon is the fullest and brightest. Officially, the Mid-Harvest Festival now runs for nine days, beginning this fall on 1 October and concluding on 8 October. The length of the holiday coincides with...
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...
