Export Sales and Shipments for October 27 to November 2, 2023 Wheat: Net sales of 354,300 metric tons (MT) for 2023/2024 were up 29 percent from the previous week, but down 26 percent from the prior 4-week average. Export shipments of 134,300 MT were up 34 percent from the previous week, but down 44 percent from the prior 4-week average. The destinations were primarily to Chile (42,900 MT), Mexico (39,200 MT), Taiwan (32,700 MT), Trinidad and Tobago (9,100 MT), and Colombia (6,900 MT). Corn: Net sales of 1,015,300 MT for 2023/2024 were up 36 percent from the previous week and 4 percent from the prior 4-week average. Export shipments of 824,900 MT--a marketing-year high--were up 63 percent from the previous...
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
Weighing in on strategic realignment
WPI’s team was retained by the governing board of a U.S. industry organization to review a decision, reached by vote, to invest significant assets into the development and management of an export trading company. WPI’s team conducted a formal review of this decision and concluded that the current level of market saturation would limit the benefits of the investment. Based on WPI’s analysis and recommended actions, the board subsequently reversed its decision and undertook a strategic planning effort to identify more impactful investments. On behalf of numerous clients, WPI has not only assisted in identifying strategic paths but also advised their implementation.