After a much-improved soybean crop in 2016, India has returned to being a significant soymeal exporter. USDA is forecasting it will export 1.8 MMT in 2016/17, up from only 410,000 MMT in 2015/16. What has changed is the top destination. AgriProtein and Christof Industries Expanding Insect Meal and Oil Production South Africa’s AgriProtein Technology and Austria’s Christof Industries yesterday announced a $10 million partnership to produce insect protein and oil from recycled organic waste. AgriProtein plans to build 25 facilities a year globally to rear black soldier fly larvae on organic waste that would otherwise go to landfills. The larvae will then be processed to make high protein feed ingredients that will serve as substitutes for f...
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.