Russia has expanded its economic footprints in India, an old ally, after the imposition of sanctions by the U.S. and its Western allies. The importation of Indian buffalo meat is now allowed and likely to grow with pork imports also a possibility. India's Expanding Meat Business Following the imposition of U.S. sanctions against Russia, that nation retaliated by banning such U.S. imports as fruits, meat products, milk and a host of other items. It has also been looking eastward to invest after being subject to additional sanctions from the West. As a result, Russia has expanded its economic footprints in India, an old ally, and opened the meat trade by allowing four buffalo meat plants there to export products to the country. The approval...
Communicating importance of value-added products
Facing increasing pressure to quantify the value of export promotion efforts to investors, a U.S. industry organization retained WPI to develop a quantitative model that better communicated the importance of exports. The resulting model concluded that value-added meat exports contributed $0.45 cents per bushel to the price of corn, increasing support for that sector’s financial support of WPI’s client. In addition to serving the red meat industry with this type of analysis, WPI has generated similar deliverables for the U.S. soybean and poultry/egg industries.
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...