Sosland Publishing notes that the pandemic boosted pasta and therefore durum wheat consumption. Exports by Italy jumped 30 percent and Strategie Grains notes that EU consumption rose 6 percent as home consumption and stockpiling of pasta increased. U.S. durum use increased last year relative to the year before though import data appears to show recent declines.
Durum wheat is most important in the Mediterranean basin, and production in the U.S. Northern Plains and Europe have trended downward more recently as it has increased in significance in Canada. Part of the problem is that durum yields are more volatile than other wheat classes. Durum fetches a premium over other wheat classes but tends to be contract grown in the U.S. and s...
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...
