For the second consecutive week, China's average domestic corn price dropped because of downward market pressure. The weekly wholesale price will likely face even more such pressure as the central government must find a way to reduce corn stocks heading into summer. Oilseeds Soymeal Inventories Up Slightly as Crushing Rates Increase With the major soybean processors returning to pre-holiday operating schedules, last week’s estimated soymeal inventories rose 90,000 MT (+14.52 percent) to 710,000 MT and were 20,000 MT higher than the same week in 2015. Among the surveyed regions, southern China was clearly the driver behind the increases as volumes fell in the north. In Guangxi, estimated soymeal inventories grew sharply to 72,100 MT last...
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
Weighing in on strategic realignment
WPI’s team was retained by the governing board of a U.S. industry organization to review a decision, reached by vote, to invest significant assets into the development and management of an export trading company. WPI’s team conducted a formal review of this decision and concluded that the current level of market saturation would limit the benefits of the investment. Based on WPI’s analysis and recommended actions, the board subsequently reversed its decision and undertook a strategic planning effort to identify more impactful investments. On behalf of numerous clients, WPI has not only assisted in identifying strategic paths but also advised their implementation.