While it is still relatively early in the growing season, there is increasing concern about the impact heavy rains will have on key soybean-growing states in the U.S. Midwest and the crops already planted as well as those that are not. Indian Poultry and Feed Sectors Want to Import 1 MMT of Soymeal India's poultry and feed sectors have asked the government for permission to import at least 1 MMT of soymeal to better compete with the expected sharp increase in chicken leg quarters from the U.S. The WTO recently ruled India could not block imports of U.S. leg quarters, and the poultry industry expects this will result in a rising volume over the next several months. The corn industry also supported the request for soymeal imports, most like...
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.