Last week's domestic corn price ticked up as demand has been strong in Shandong Province, helped considerably by steady gains in one particular sector's operating margins that have been spurred by the high tariffs on certain imports.
Oilseeds Soymeal Inventory Further Declines China’s estimated soymeal inventory continued to decline through the first full week of September as demand steadily improves from the feed sector. Overall, the nation’s economy has gradually recovered since early spring and accelerated heading into the third quarter. While down .2 percent versus the same month in 2016, the cost of food in August showed marked improvement from July when those monthly prices were down 1.1 percent compared with...
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...
