Oilseeds Soymeal Inventory Declines Slightly Stepped-up utilization rates created a buying opportunity for downstream feed manufacturers and livestock producers with soymeal prices falling sharply last week on increased supplies. China’s estimated soymeal inventory totaled approximately 1.223 MMT as of 24 August 2018, down 40,600 MT (-3.2 percent) from the week before but 151,300 MT higher (+14.1 percent) than the same week a year ago. At the regional level, meal stocks declined across the board except for the increases in Fujian and Guangxi Provinces of 6,000 MT (+40 percent) to 21,000 MT and 37,000 MT (+40.2 percent) to 129,000 MT, respectively.
Imported Soybean Inventory Drops Slightly China’s estimated imported soybean...
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...
