From mid-January through the end of the month, China’s estimated soymeal inventories fell sharply due to a combination of factors. Meanwhile, the average domestic corn price managed to hold steady across most regions for the past two weeks, although a development in the south helped drive that price upward in Guangdong.
Oilseeds Soymeal Inventories Fall From mid-January through the end of the month, China’s estimated soymeal inventories fell sharply to 683,800 MT, a decline of 79,800 MT (-10.45 percent). This was due to a combination of lower utilization rates in advance of the New Year celebrations, a pickup in demand and ongoing idling of plants because of air quality problems. Through the week ending 3 February 2...
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...
