India's Solvent Extractors Association yesterday released protein export data for December 2014. The report indicated the month's soymeal exports totaled 193,832 MT, a 57 percent decline from the 451,314 MT exported in December 2013. Indian Soymeal Exports in December Down 57 Percent from Year Earlier India's Solvent Extractors Association yesterday released protein export data for December 2014. The report indicated the month's soymeal exports totaled 193,832 MT, a 57 percent decline from the 451,314 MT exported in December 2013. India's soymeal exports during October-December 2014 totaled 333,709 MT compared with 1,137,307 MT in the same period of 2013. The 70.1 percent decline in the last three months of 2014 was a result of a smaller...
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.