Oilseeds Major Feed Companies Hike Price to Offset Tariffs During the last week of September, several large feed manufacturers, including New Hope Group, Charoen Pokphand (CP), and China Haida Feed Group, announced plans to increase the prices of their feed products. This is the second time in less than two months that they have done so in response to China’s new tariffs on U.S. soybeans. Since 6 July (the first day those tariffs took effect) through the third week in September, the wholesale price of soybeans has risen RMB 209/MT ($30.43/MT) or 6.7 percent. Based on conversations with several feed company executives, a third price increase on their products may follow the conclusion of National Day Holiday week, which is being obse...
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.