A fire broke out at JBS’ beef packing plant in Grand Island, Nebraska late Sunday night. The fire was reportedly caused by a boiler exploding in the rendering section of the plant. Local news reports cited the Grand Island Fire Department as saying the roof was on fire around 10 PM Sunday night. The Grand Island Fire Department’s twitter feed reported fourth and fifth alarms were issued by 12:28 AM Monday morning. JBS said on Facebook that “fabrication and slaughter A and B shift will not be working September 13, 2021”. The fire comes as JBS was investing nearly $100 million in to expand the plant’s capacity. The fire will likely be a major issue for the U.S. beef and cattle industry and WPI will c...
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...
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.