Because the U.S. has an overwhelming share of the soybean, soymeal and soyoil imports by other countries in the Caribbean, Central America and Mexico, there is no reason to believe the same situation would not be the case with Cuba in a normalized environment. Chinese Buy Soybeans; Government Approves Biotech Soybeans It appears Chinese soybean crushers quickly followed up in Tuesday's agreement to buy 1 MMT of U.S. soybeans for shipment in 2015 by purchasing more than that amount. USDA stated today that U.S. exporters yesterday reported selling 1.5 MMT of soybeans for shipment to China in 2015/16. As I noted on Tuesday, the ceremony held that day to announce a commitment to purchase 1 MMT of U.S. soybeans in 2015 was much ado about nothi...
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
Communicating importance of value-added products
Facing increasing pressure to quantify the value of export promotion efforts to investors, a U.S. industry organization retained WPI to develop a quantitative model that better communicated the importance of exports. The resulting model concluded that value-added meat exports contributed $0.45 cents per bushel to the price of corn, increasing support for that sector’s financial support of WPI’s client. In addition to serving the red meat industry with this type of analysis, WPI has generated similar deliverables for the U.S. soybean and poultry/egg industries.