With the Mid-Autumn Harvest Festival in close proximity and the National Day scheduled to run through the first week of October, market data has been limited for this week. However, one factor is impacting soybean imports this month as well as in November.
Holiday Week Chinese National Day This past weekend launched the official observance of Chinese National Day on 1 October 2016. This public holiday recognizes the founding of the People’s Republic of China in 1949. With that scheduled to run through the first week of the month and the Mid-Autumn Harvest Festival in close proximity, market data has been limited for this week. Oilseeds Soymeal Prices Rise As of 30 December, the estimated nationwide soymeal inventory totaled 50...
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...
