China's domestic corn prices fell last week because of sluggish demand from the deep corn processing industry. Meanwhile, the average cornstarch price did improve due to lower utilization rate, and some processors also benefited from a government initiative. Oilseeds Soymeal Inventories Continue to Increase Last week's estimated soymeal inventories of China's major crushers climbed to 1.29 MMT, up 170,000 MT or 15.12 percent from the week before. This is 46.71 percent lower than the overall total during the same week a year ago. Among the surveyed regions, inventories in the northeast and Fujian Province fell 31.73 percent to 71,300 MT and 16.8 percent to 111,800 MT, respectively. In north China, the estimated total increased the most, n...
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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