Move over Singapore, the U.S. has become the second country to allow cell cultured – or “lab grown” –chicken to hit the commercial market. Singapore did so in 2020; the Food Safety Inspection Service (FSIS) this week approved labels for cell cultured chicken products. How did we get here? Back in March 2019, the Food and Drug Administration (FDA) and FSIS agreed to establish a joint regulatory framework for human foods made from cultured cells of livestock and poultry. Under the agreement, FDA oversees the collection, growth, and the differentiation of living cells into various cell types, such as proteins and fats. Regulatory jurisdiction then transitions from FDA to FSIS during the harvesting stage of the cell-cul...
What You Need to Know Today: Markets got a surprise with a corn yield of 181.2 bushels/acre in the October WASDE, above the average estimate of 177.6 bushels/acre and up from USDA’s September estimate of 178.5 bushels/acre. Although stronger demand is expected to absorb some of the addit...
Key Takeaways: On Friday afternoon, President Trump announced that Russia will “immediately supply over 300,000 Tons of Diesel Fuel” to the United States. The deal, typical of this administration, is light on details but promises an additional 500,000 tons in November and 1 m...
The USDA has lowered its 2026 red meat production forecasts slightly while forecasting a slight increase in broiler production. Beef is now projected at 24.802 billion pounds, 75 million pounds less than in September. Cow slaughter is expected to be up; however, this will be offset by lower ste...
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.