Falling soymeal stocks and increasing soyoil prices, combined with inexpensive imported soybeans, have boosted Chinese crushing margins recently. U.S. soybean exports to China set a new monthly record in August... Oilseeds Soymeal Crushers Continue To Idle Plants To Boost Meal Prices Through last Friday, October 14, China’s total estimated soybean meal inventory had fallen to 442,400 MT, a 60,500 MT (-12.03 percent) drop from the previous week and a 109,700 MT (19.87 percent) decrease since mid-September. Compared with the same week in 2015, last week’s figures are 336,000 MT (43.2 percent) lower. In the North and East regions, inventories fell 86,000 MT (-12.87 percent) and 136,000 MT (-6.91 percent) year-over-year, respectively. Soybea...
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
Accountability and a comprehensive approach to export programming
WPI’s team helped construct a strategic approach to develop, implement, and track promotional activities in 8 key regions across the globe for an agricultural export association. With continued progress measurement and strategic advisory services from WPI, the association has seen its ROI from investments in promotional programming increase by 44 percent over the past 5 years. Not only does this type of holistic approach to organizational strategy provide measurable results to track and analyze, it fosters top-down and bottom-up organizational accountability.