Grains and the soy complex prices were mixed, but not much changed overnight. They weakened, though, during the day session as the U.S. dollar strengthened. Weekly export sales volumes for old crop corn and soybeans were a little higher than expected. General Comments What markets give, markets can take away. The U.S. dollar rebounded from a 10-week low with the U.S. Dollar Index gaining back 0.7 percent. The bounce was partially technical and also in response to a favorable report on weekly unemployment claims that helped offset yesterday's pessimism on jobs. Tomorrow's jobs report from the Labor Dept. will trump all other inputs on the subject and probably direct how the U.S. currency finishes the week. For today, however, the U.S. doll...
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.