Grain experts in South Africa are saying that the very large increase in the maize crop there and drop in maize prices could push farmers into a money-losing crop year because of a specific action they did not take. Regional Updates MIDDLE EAST/MEDITERRANEAN COMMENTS Turkey reportedly bought an estimated 400,000-500,000 MT of wheat for April/May shipment from the EU and Black Sea countries as replacement for the stocks it will not be importing from Russia. The EU wheat is said to be from Hungary, Latvia and Lithuania, countries that are on Turkey’s duty-free list from which Russia was recently removed.The latest USDA-GAIN report on Turkey shows how important Russia is to its grain supply with over 70 percent of its wheat imports totaling...
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.