Oilseeds Soymeal Inventory Surges as Prices Decline The steady buildup of imported soybean stocks, falling live pig prices and a decline in the prices for soymeal have driven demand for the latter downward. The net effect was a rise in soymeal supplies in all regions last week. This pushed the nationwide inventory up 165,100 MT (+21 percent) to 950,200 MT as of 20 April 2018, the highest level since the end of September 2017 and 231,000 MT (+32.1 percent) more than a year ago at the same time. At the regional level, the largest weekly increases were the gains of 31,400 MT (+21.7 percent) to 176,200 MT in Shandong Province and 30,900 MT (+56.2 percent) to 85,900 MT in the North. While the national total number was a surprise, the softer me...
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...
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Accountability and a comprehensive approach to export programming
WPI’s team helped construct a strategic approach to develop, implement, and track promotional activities in 8 key regions across the globe for an agricultural export association. With continued progress measurement and strategic advisory services from WPI, the association has seen its ROI from investments in promotional programming increase by 44 percent over the past 5 years. Not only does this type of holistic approach to organizational strategy provide measurable results to track and analyze, it fosters top-down and bottom-up organizational accountability.