China's average live pig prices had been moving steadily upward through July, but several macroeconomic factors have had an impact with the first reversal since the end of February 2015 occurring two weeks ago. Oilseeds Soymeal Inventories Fall Again as Feed Mill Demand Rises As feed mills continue to amass supplies, last week's estimated soymeal inventories declined once again. The current total stands at 1.27 MMT, a drop of 100,700 MT (-7.36 percent) from the previous week and 518,100 MT lower (-29.04 percent) than the same week a year ago. Among the surveyed regions, only Shandong Province saw a gain of 5.85 percent to 192,400 MT as a result of the processing industry's rising utilization rate. By contrast, northeast China saw it...
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.