Oilseeds Soymeal Inventory Rebounds on Stepped-Up Crushing Activity As new shipments of imported soybeans from Brazil continue to arrive here in August, crushing facilities, particularly those in Guangdong, Guangxi, the Northeast and Shandong, have stepped up their output. China’s estimated soymeal inventory thus climbed sharply to reach 1.264 MMT as of 17 August 2018, up 105,700 MT (+9.1 percent) versus the week before and 77,100 MT (+6.5 percent) higher than the same week in 2017. There were increases across all regions except for a decline of 8,000 MT (-34.8 percent) to 15,000 MT in Fujian. Meanwhile, the largest weekly improvements in relative terms occurred in the Northeast and Shandong Province with gains of 24,700 MT (+32.9 p...
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.