China's monthly food inflation entered negative territory in February for the first time since 2009. Meanwhile, prices for animal protein, including pork, beef and mutton, fell in 50 major cities during the first quarter of 2017 despite no signs of expansion in one particular sector.
Oilseeds Soymeal Inventories End March Down Sharply China’s estimated soymeal inventory had fallen to 736,800 MT at the end of March, a decrease of 67,400 MT (-8.38 percent) from the previous week and down 179,000 MT (-19.55 percent) since 3 March. It was also 253,700 MT lower (-25.62 percent) than the volume at the end of March 2016. Among all the regions, estimated soymeal inventories increased 14,600 MT (+14.27 percent) to 116,900 MT in th...
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...
