The market has been closely watching how reform proposals noted in the central government’s No. 1 agricultural policy document will be implemented. Meanwhile, the sharp rise in U.S. cherry exports to China in 2015 may reflect a silver lining in some aspects of the domestic market there. Oilseeds Soymeal Inventories Decrease Sharply in February The drop in utilization rates during the Spring Festival holiday as well as increased feed purchases early in February significantly reduced China’s estimated soymeal inventories throughout this month. As of last Friday, they totaled 620,000 MT, a 350,000 MT (-36.08 percent) decline from the first week of this month and a 730,000 MT drop (-45.92 percent) since the end of January. They are also down...
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
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.