Biden’s Beef to Nowhere In 2005, members of the Alaska Congressional delegation tried to add funding equivalent in today’s inflation-adjusted dollars to $566 million. The purpose of the money was to build a bridge to an island with just 50 full-time residents ($11.32 million/person). It mockingly became known as the Bridge to Nowhere and was eventually pulled from the spending bill. As WPI’s Dave Juday wrote yesterday, there will be unintended consequences from President Biden’s current effort to create additional meat packing capacity in the U.S. The meat packing industry says the problem driving the large spread between cattle prices and cutout values is the shortage of labor. Industry spokesperson Sarah Little n...
What You Need to Know Today: The hot, dry weather forecast continues to drive strength in grain futures with corn and soybeans hitting another day of strong gains. Monday’s Crop Progress and Conditions data were in line with market expectations and showed relatively few concerns for the...
Yesterday we wrote about the Q1 GDP numbers and the June employment reports in an article entitled Real GDP for Q1 Relying on AI Buildout, Held Back by Consumer Spending. That article mentioned that consumer spending had become a drag on GDP. Nonetheless, real GDP in Q1 was revised upward to 2...
Key Takeaways: The Middle East and North Africa's arid climate and limited water resources have created a structural dependence on imported wheat. Government wheat tenders in major importing countries serve as important benchmarks for global trade, providing insight into exporter competitivene...
From WPI Consulting
Infrastructure investment due diligence
On behalf of a Canadian oilseed processer WPI's team provided market analysis, econometric modeling and financial due diligence in support of a $24 million-dollar investment in a Ukrainian crush plant. Consistent with WPI's findings, local production to supply the plant and the facility's output have expanded exponentially since the investment. WPI has conducted parallel work on behalf of U.S., South American and European clients, both private and public, in the agri-food space.