Oilseeds Soymeal Inventory Rises Last week marked the annual Qingming Festival Holiday, also known as Tomb-Sweeping Day, which symbolizes the renewal of spring and focuses on families paying respects to their deceased family members. This event slowed end user demand, which consequently pushed China’s soymeal stocks to their highest level since the beginning of March. Thus, the nationwide estimated soymeal inventory totaled 826,000 MT as of 6 April, up 52,300 MT (+6.8 percent) from the previous week and an improvement of 114,500 MT (+16.1 percent) versus the same week one year ago. Changes in soymeal stocks, however, varied at the regional level. The biggest week-on-week gain occurred in Shandong Province with an increase of 6...
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...
From WPI Consulting
Weighing in on strategic realignment
WPI’s team was retained by the governing board of a U.S. industry organization to review a decision, reached by vote, to invest significant assets into the development and management of an export trading company. WPI’s team conducted a formal review of this decision and concluded that the current level of market saturation would limit the benefits of the investment. Based on WPI’s analysis and recommended actions, the board subsequently reversed its decision and undertook a strategic planning effort to identify more impactful investments. On behalf of numerous clients, WPI has not only assisted in identifying strategic paths but also advised their implementation.