Oilseeds Soymeal Inventory Falls Below 1 MMT Strong downstream demand from the feed industry as hog prices continue to surge pushed China’s nationwide soymeal inventory below the 1 MMT threshold. The total stood at 940,000 MT as of 14 September 2018, down 83,100 MT (-8.1 percent) from the previous week and 58,800 MT (-5.9 percent) versus mid-September 2017. Trends were mixed across the regions with increases in three and declines in four. Soymeal stocks dropped 25,300 MT to 82,000 MT in Shandong Province last week and rose 15,300 MT (+14.6 percent) to 120,300 MT in the North. With imports from Brazil fading, the downward trend should continue through the rest of the fall.
Imported Soybean Inventory Climbs Again China continued t...
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...
