The House Agriculture Subcommittee on Livestock, Dairy and Poultry held a hearing yesterday, entitled "A Review of Animal Agriculture Stakeholder Priorities.” There was a clear consensus on two key issues among cattle, pork, and turkey producers as well as the packers and processors. First, all oppose the Administration’s new Packers and Stockyards Act regulatory proposals; as WPI has written previously, USDA announced a suite of three proposed rules, two of which have been published. As noted by the National Cattlemen’s Beef Association (NCBA), the rules stem from the 2008 farm bill, and have been proposed in 2010, 2012, and again in 2016. A rule was adopted in 2020, taking effect in 2021, but USDA has re-proposed change...
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.