Oilseeds Soymeal Inventory Falls Again on Lower Output With demand continuing to falter, crushing activity has remained limited with utilization rates below the 50 percent threshold. Through 26 July 2019, China’s estimated nationwide soymeal inventory had fallen 30,300 MT (-3.5 percent) to 826,600 MT and was down 422,000 (-33.8 percent) versus the last full week in July 2018. Trends at the regional level were decidedly mixed as soymeal stocks increased in four regions and retreated in three. The inventories continued to expand in Fujian Province, rising 11,500 MT (+19.8 percent) to 69,500 MT, and the largest weekly gain occurred in Guangdong Province with an increase of 22,400 MT (+59.3 percent) to 60,200 MT. Meanwhile, the East had...
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...
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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.