The sizable spread between China’s domestic wholesale pork price and foreign-produced pork, which went as high as RMB 26.74/kg ($4.02/kg) in Shanghai this past June, has opened the door for record imports, and the market signals there remain quite bullish for the balance of 2016. Oilseeds Soymeal Inventories Top 1 MMT Ongoing sluggish demand from the feed market pushed China’s estimated soymeal inventory last week to 1.03 MMT, up 50,000 MMT (+5.1 percent) from the previous week. It was also the sixth consecutive week of increases. However, the total was 29.41 percent lower against the same week in 2015. Among the surveyed regions, the soymeal inventories in north China and Guangxi fell to 139,200 MT (-7.75 percent) and 75,700 MT (-14.73...
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
Infrastructure investment due diligence
On behalf of a Canadian oilseed processer WPI's team provided market analysis, econometric modeling and financial due diligence in support of a $24 million-dollar investment in a Ukrainian crush plant. Consistent with WPI's findings, local production to supply the plant and the facility's output have expanded exponentially since the investment. WPI has conducted parallel work on behalf of U.S., South American and European clients, both private and public, in the agri-food space.