The large rise in China's soymeal exports to nearby markets has been mostly due to the lack of availability this year of the less expensive Indian soymeal. Approximately 86,000 MT were also shipped mainly to Europe, probably non-biotech soymeal sold to animal feeders there. Chinese Soymeal Continues Flowing into Asian Markets The current calendar year has been a banner one for Chinese soymeal exports with the pace continuing in August. China's General Administration of Customs reported the country exported 171,679 MT in August. That brought total soymeal exports in the first eight months of the year to 1.801222 MMT, an increase of 104.2 percent over exports in the first eight months of CY 2013. The main destinations thus far in CY 2014 ha...
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.