Illogic on the Border With hundreds of Central American families overwhelming the southern U.S. border each day with asylum pleas, President Donald Trump may win the legal challenges to his declared national emergency. However, his demand that Mexico stop the onslaught or else he will close the border altogether is illogical. First, closing it will hurt both countries. U.S. Border Protection Commissioner Kevin McAleenan says to already expect delays in moving goods across the border due to the situation, and if his boss completely shuts down the crossings, there will be even greater economic damage. Second, Mexico is even less capable than the U.S. of managing the border, both in terms of economic cost and available resources. War...
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...
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.