The Egyptian government is discussing the reopening of government-owned dairy operations that were all but totally closed down in 2008 after years of falling production. The plan is to try to involve private capital in bringing all facilities up to current world production standards.
News Updates MEDITERRANEAN/MIDDLE EAST COMMENTS Grain importers in the Middle East/North Africa (MENA) region can relax somewhat as the Ukrainian government has said that it does not intend to introduce any grain export controls in 2015. There has been discussion that the new Russian export taxes could increase demand from Ukraine, especially for wheat, and that this would cause domestic prices to increase or even result in wheat shortages in that...
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...
