Pakistan has announced its intention to raise the soymeal import tariff from 11 to 21 percent as of 1 July, which is expected to boost its soybean imports. The country has a great deal of excess crushing capacity, and this action, if approved, could put some facilities back in production.
Regional Updates MEDITERRANEAN/MIDDLE EAST COMMENTS The government of Morocco has announced that the increased wheat import tariff of 75 percent will probably be extended beyond the initial end date of 31 October due to very good domestic crops this year. Local traders expect that the higher rate will remain in place at least until the end of 2015.Algeria has suspended all import duties on animal feed items, including corn and soymeal, for the...
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...
