Despite shuttle rail freight values that are now $200-400 per car UNDER tariff through September, there is no demand. Farmers are unhappy with both old crop and new crop prices and aren't selling. All of this makes it tough for railroads to plan crew and equipment needs
Shuttle rail freight continues to be very cheap. Values through September are now $200-400 per car UNDER tariff. Remember, there was a time when values were $4,000-5,000 per car OVER tariff. Harvest values (Oct/Nov/Dec) are now just slightly above tariff. There is no demand for shuttles today. Farmers are unhappy with both old crop and new crop prices and aren't selling. Shuttle loaders are reluctant to take their foot off base and book much freight even at or below tarif...
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...