While Argentine feed wheat is trading at $155 FOB, which makes it the world’s cheapest feed wheat/grain, most EU importers are not willing to purchase it because of a specific concern. Milling Wheat The Black Sea market, which is usually very quiet during the year-end holidays, is weaker due to the absence of buying interests. The holidays continue in Ukraine and Russia until 11 January, and not much activity is expected during the next two weeks. The weather in Eastern Europe was cold last week with temperatures reaching -20°C. Most of the region is now covered with snow, however, and there is no real risk of winterkill. The Russian ruble continues to erode versus the U.S. dollar as it reached 73 RUB/USD, but that is keeping Russia’s dom...
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...
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Accountability and a comprehensive approach to export programming
WPI’s team helped construct a strategic approach to develop, implement, and track promotional activities in 8 key regions across the globe for an agricultural export association. With continued progress measurement and strategic advisory services from WPI, the association has seen its ROI from investments in promotional programming increase by 44 percent over the past 5 years. Not only does this type of holistic approach to organizational strategy provide measurable results to track and analyze, it fosters top-down and bottom-up organizational accountability.