The respective chairs of the House and Senate Appropriations Committees, Representative Nita Lowey (D-New York) and Senator Richard Shelby (R-Alabama) have announced a deal to pass a continuing resolution (CR) that will extend government funding until 20 December. The current CR, passed prior to the start of FY 2020 which began 1 October, expires next Thursday, 21 November. So far, that is all that's been agreed to. The budget fight is still hung up over funding for a border wall, the issue that resulted in the government shut down last year. A difference this year is the ongoing impeachment process. While the leaders of both appropriations committees have made a point that they will work to avoid a government shutdown, it is worth...
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.