Export Sales and Shipments for June 23-29, 2023 Wheat: Net sales of 405,800 metric tons (MT) for 2023/2024 primarily for Mexico (111,400 MT, including decreases of 100 MT), the Philippines (108,400 MT, including decreases of 9,000 MT), Japan (71,800 MT), Brazil (57,200 MT), and South Korea (35,100 MT), were offset by reductions for unknown destinations (33,500 MT). Export shipments of 306,200 MT were primarily to South Korea (87,100 MT), Japan (71,500 MT), Brazil (57,200 MT), the Philippines (26,400 MT), and Nigeria (23,100 MT). Corn: Net sales of 251,700 MT for 2022/2023 were up 79 percent from the previous week and 62 percent from the prior 4-week average. Export shipments of 707,500 MT were up 17 percent from the previous w...
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.