News UpdatesMEDITERRANEAN/MIDDLE EAST COMMENTSEgypt's Ministry of Supply has announced that the maximum moisture level for imported wheat will remain unchanged at 13.5 percent. The current moisture authorization expires in February.The ministry also said that Egypt's current wheat supplies combined with the volume on order will last until the end of April. It added that local wheat stocks will become available in mid-April with the government expecting to purchase a minimum of 3.7 MMT of the total. That local supply is expected to carry Egypt until the end of October, although some wheat will still be imported for blending purposes.Egypt has released details regarding its planned "Logistic Center for Trade" that is to be established in Dami...
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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