China’s estimated soymeal inventory totaled 773,300 MT as of 10 March, a significant drop from the previous week and even more so from a year ago. Low prices contributed to this development as did another factor.
Oilseeds Soymeal Inventories Fall for Second Straight Week China’s estimated soymeal inventory totaled 773,300 MT as of 10 March, a significant drop of 142,400 MT (-15.55 percent) from the previous week and down 164,900 MT (-17.58 percent) since the last full week of February. It is also 252,700 MT lower (-24.63 percent) than a year ago. Low prices for soymeal and soyoil have stimulated demand while several major producers simultaneously opted to idle their facilities to help improve falling crush margins...
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...
