Oilseeds Soymeal Inventory Drops Nearly 9 Percent on Strong Demand As demand for soymeal continued to surge following the holiday week, China’s estimated inventory totaled 802,300 MT as of 13 October, down 75,500 MT (-8.6 percent) from the previous week but 284,200 MT higher (+54.9 percent) than the same week in 2016. Soymeal inventories did not decline evenly across the country and actually increased in the southern provinces. Among those regions where they did fall, however, the biggest decreases occurred in Northeast and Shandong with drops of 16,100 MT (-37.97 percent) to 26,300 MT and 29,700 MT (-54.5 percent) to 24,800 MT, respectively.
Imported Soybean Stocks Climb Again After remaining relatively flat for two weeks, soyb...
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...
