Recent reports have documented a decline in China's corn plantings, and new soybean plantings there are also decreasing as is farmers’ willingness to expand production, largely because of certan government actions. Oilseeds Soymeal Inventories Fall Further On Lower Prices, Higher Demand With the soymeal cash price dropping 50-100 RMB/MT ($7.49-14.97/MT) this past week and China’s traditional Mid-Autumn Festival occurring in mid-September, feed mills became motivated buyers. Consequently, the estimated nationwide soymeal inventory fell for the third consecutive week. Through 26 August, the total stood at 740,000 MT, down 58,000 MT (-7.38 percent) from the previous week and 656,000 MT lower (-47.01 percent) than the same week in 2015...
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.