New Chinese Feed Regs The U.S. is typically the big seller of soybeans in the 4Q as harvest comes in and Brazilian stocks thin, which is impacting the Chinese swine sector. As Gary Blumenthal wrote yesterday (click https://www.worldperspectives.com/articles/ratification-prospects-farm-country-situation-farm-animal-situation), the state-run China Feed Industry Association has proposed that the required/regulated protein level in both swine and broiler feed be reduced. Feed protein standards in China have been in place since 2008. The proposal calls for a lower minimum crude protein level for feed as well as a maximum level and is open for comment until 15 October. The new proposed standards (especially at the low end) are generally lower th...
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
Infrastructure investment due diligence
On behalf of a Canadian oilseed processer WPI's team provided market analysis, econometric modeling and financial due diligence in support of a $24 million-dollar investment in a Ukrainian crush plant. Consistent with WPI's findings, local production to supply the plant and the facility's output have expanded exponentially since the investment. WPI has conducted parallel work on behalf of U.S., South American and European clients, both private and public, in the agri-food space.