It’s a critical week on Capitol Hill, both for the Biden Administration’s agenda and more generally, breaking the legislative log jam. First, the House Democratic leadership will attempt to bring the $1.2 trillion bipartisan infrastructure bill to the House floor for a vote. This package, which already passed the Senate, has been held up over the larger Biden American Families Plan – also referred to as the social infrastructure bill or the budget reconciliation bill, scored at a cost of $3.5 trillion. Speaker Nancy Pelosi (D-California) promised a vote on or before 31 October. Members of the Congressional Progressive Caucus say they will vote against the infrastructure bill if it comes up in the House before...
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.