Biden to Get Waterboarding Regulating water quality under the U.S. Clean Water Act has become a political football, changing policies with each change of party in the White House. However, it looks likely that President Biden’s crack at regulating the Waters of the U.S. (WOTUS) is headed for a drubbing in the narrowly divided Congress. The Republican-led House has already voted down the proposed regulation and a handful of Democrats in the Senate are likely to join Republicans in that body in doing the same. The problem boils down to definition and the mistake made by EPA was to draft vague and imprecise language, leaving itself discretion that too few industries trust, and especially U.S. agriculture. The Administration has thus far...
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.