Note: The CFTC will resume its Commitment of Traders (COT) reports this Friday with release of the 28 December report. Thereafter, it will issue reports chronologically each Tuesday and Friday until they are caught up. USDA/FAS is tentatively scheduled to release an export sales report on Thursday, but it is unclear just exactly how much of the past five weeks’ sales data will be included. USDA will release its supply/demand estimates, production estimates, quarterly stocks, and winter wheat planting estimate on 8 February in conjunction with the February WASDE. It should be a banner day for data. U.S.-Chinese trade negotiations begin at the cabinet level tomorrow. The two sides are trying to reach an agreement by the early March dea...
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
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.