Regional Updates MIDDLE EAST/MEDITERRANEAN COMMENTS Saudi Arabia is the new destination for one of the large sorghum vessels being rerouted from China due to that country’s antidumping tariff change. (According to Reuters, there are 22 such vessels sailing to China.) Although Saudi has been an importer of corn for the animal feed industry and not sorghum, the latter is expected to be used for that purpose and will probably replace some future corn imports. All About Feed published some very interesting statistics on feed production this week (see table below).
Saudi Arabia is the largest buyer of Russian barley, purchasing approximately 1.5 MMT during July 2017-February 2018. Closely following is Iran at about 1.1 MMT with Turkey...
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...
