The market yard corn price in Bihar has been declining after the recent harvest there. Demand has also been low from the poultry sector as a result of the high bird mortality rate in southern India. However, prices will need to drop further if India hopes to export any corn in 2015/16. Farmers' Corn Prices Down as Futures Prices Move Up Following the recent harvest in the state of Bihar, the market yard corn price there has been declining. It has slumped to $161/MT from last week's $181/MT, a decrease of almost 11 percent. Spot corn prices at the NCDEX warehouse dropped only $2/MT. One of the reasons for the price decline is low demand from the poultry sector due to the high bird mortality rate in south India where approximately 7 million...
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...
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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.