Oilseeds Soymeal Inventory Continues Downward Trend Feed sector demand remains strong even as the impact of African swine flu (ASF) has begun to dampen regional hog prices. As of 21 September 2018, China’s estimated soymeal inventory totaled 866,400 MMT, down 71,500 MT (-7.6 percent) from the previous week and 32,900 MT (-3.7 percent) lower than the same week a year ago. Meal stocks fell in every region except the North and Shandong Province, which had gains of 4,300 MT (+3.3 percent) to 124,300 MT and 8,000 MT (+9.8 percent) to 90,000 MT, respectively. Looking ahead, the downward trend should continue. Although China’s ag ministry has argued that it can offset the loss of U.S. soybean imports with other protein sources and by...
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
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.