Despite all the turmoil in the MENA region over the past two decades, soymeal consumption there has continued to rise. This is largely attributable to one sector. Meanwhile, notable growth has also occurred in the U.S. Soymeal Consumption Continues to Grow in MENA No region has seen as much turmoil in the past two decades as the Middle East and North Africa (MENA). That period included the U.S.-led invasion of Iraq, the fall of governments in Libya, Tunisia and Egypt, and the rise of ISIS in Syria and Iraq. Millions have either been killed or forced into exile. Infrastructure has been destroyed, and supply routes have been blocked. Yet despite all of this, the region’s soymeal consumption has continued to grow. USDA forecasts the 14 count...
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.