Despite bird flu, global consumption of chicken is growing four times faster than beef or pork. However, the price per unit for chicken is rising faster than its two main protein competitors. Improving efficiencies and competition is keeping the price of all three meats relatively in check. In fact, over the six years of most recent FAO data, the cost of beef declined, and the price of pork (pre-ASF) had barely budged. By contrast, the price of chicken rose almost one percent per year. Total consumption of chicken has been growing 2.1 times faster than beef and 3.4 times faster than pork. Due to great affordability, the forecast calls for continued stronger gains for poultry in the global market. Chicken is only about one percent cheaper t...
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.