Oilseeds Soymeal Inventory Climbs Again as Pig Prices Fall Further China’s estimated nationwide soymeal inventory reached just under 800,000 MT as of 16 March 2018, rising 92,000 MT (+13 percent) from the previous week and up 26,600 MT (+3.4 percent) versus the same week last year. At the regional level, meal stocks increased across all regions except for the decline of 11,400 MT (-24.1 percent) to 36,000 MT in the North. The overhang of surplus pig inventories, which in most years would have been sold out by the end of China’s Lunar holiday, has continued into mid-March. The net effect has pushed down demand and reset soymeal prices. At the same time, live pig prices across China continue to contract with the average falling...
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
Infrastructure investment due diligence
On behalf of a Canadian oilseed processer WPI's team provided market analysis, econometric modeling and financial due diligence in support of a $24 million-dollar investment in a Ukrainian crush plant. Consistent with WPI's findings, local production to supply the plant and the facility's output have expanded exponentially since the investment. WPI has conducted parallel work on behalf of U.S., South American and European clients, both private and public, in the agri-food space.