As China's per capita income has boomed, the dining habits of young professionals have changed dramatically. Consequently, demand for high quality flour has risen. Yet, there is trouble meeting this demand because of a few factors. Oilseeds Soymeal Inventories Fall Below 1 MMT On Low Utilization An uptick in idled crushing facilities and lower utilization rates across the board resulted in a sharp decrease in China’s estimated domestic soymeal inventories. They totaled 850,000 MT nationwide as of 12 August, down 180,000 MT (-17.47 percent) from the week before and 520,000 MT lower than the same week in 2015. This reflected the downward trend in all of the surveyed regions. In northeast and north China, inventories fell 19.71 percent to 9...
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.