China’s corn market showed some signs of recovery last week as the average domestic price rose RMB 18/MT ($2.61/MT) to RMB 1,505/MT ($218.43/MT). It bounced back strongly in two particular regions and more moderately in the Northeast.
Oilseeds Soymeal Inventories Continue to Climb China’s nationwide, estimated soymeal inventory totaled 938,200 MT as of 24 February, an increase of 226,300 MT (+31.8 percent) versus a year ago at the same time. The higher volume at the end of last month was the result of crushers churning through the large quantities of imported soybeans that landed in January and throughout February. In Shandong and the East, the two regions with the biggest week-on-week growth, estimated soymeal inve...
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...
