Ethanol output jumped last week by 25,000 barrels per day (bpd) to a weekly average of 1.03 million bpd, setting a record for the second consecutive week and significantly impacting prices.Ethanol output jumped last week by 25,000 barrels per day (bpd) to a weekly average of 1.03 million bpd, according to the U.S. Energy Information Administration (EIA). That is a new record, beating out the previous week’s average of more than 1.01 million bpd. Last week’s production equated to 303 million gallons versus the previous week’s 295 million gallons. Ethanol stocks continued their build, hitting 890 million gallons last week compared with 888 million gallons the week before. Overall for the year, ethanol stocks are up 8 percent.Prior to No...
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.