Egypt’s wheat inspection committee announced that its initial investigation shows a small portion of the government’s local wheat purchases cannot be located, but one factor may account for some of the shortage. Meanwhile, ergot remains an issue with imports as yet another review was announced. Regional Updates MIDDLE EAST/MEDITERRANEAN COMMENTS Egypt’s wheat inspection committee announced that its initial investigation shows about 4 percent of the government’s local wheat purchases cannot be located. However, it is also reported that some of the purchases have not been delivered, which may account for some of the shortage. The parliamentary investigation committee that is looking into the same matter has not yet released its findings. T...
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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