U.S. Soy Export Sales Highlights Today’s USDA/FAS export sales report indicated that in the week ending 21 October, exporters of U.S. soybeans and soymeal were less successful making export sales of the two commodities than in previous weeks. Sales of unprocessed soybeans were down by 59 percent and soymeal export sales were down by 33 percent. Soyoil export sales were up from the previous week, but the quantity was only 14,600 MT. Net soybean export sales last week totaled 1,183,400 MT. The top sales were for China (1,081,000 MT), the Netherlands (117,800 MT), Mexico (93,900 MT), Taiwan (71,600 MT), and Pakistan (69,000 MT). Those sales and other were partially offset by reductions in sales to unknown destinations of 469,300 MT. So...
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.