Regional Updates MIDDLE EAST/MEDITERRANEAN COMMENTS The growth in Turkey’s animal feed industry is very interesting, rising approximately 8 percent per year with production up from 13 MMT in 2011 to 22 MMT in 2017. It is largely dependent on imports of corn, DDGS and soymeal for its requirements, which is understandable as the country’s total corn production is limited to just over 6 MMT. Feed production for all animal sectors has increased significantly and possibly the most for dairy due to government efforts to expand local dairy production. The feed industry believes that the recent growth rates will continue for the next few years, providing very good opportunities for investment in that business as well as the grain/prot...
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.