Oilseeds Soymeal Inventory in Downward Spiral on Strong Demand Stepped-up idling of plants due to ongoing environmental regulations and strong downstream demand lowered China’s estimated soymeal inventory to 648,300 MT as of 27 October, down 92,100 MT (-12.1 percent) from the previous week but up 116,600 MT (+21.9 percent) from a year ago at the same time. Estimated soymeal inventories fell across all regions except the Northeast and Fujian, which saw increases of 7,500 MT (+27.4 percent) to 34,900 MT and 9,200 MT (+31.7 percent) to 38,200 MT, respectively.
Imported Soybean Stocks Climb Again as New Shipments Arrive China’s imported soybean stocks started rising again, helped by increased arrivals. As of 3 November 2017, 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...
