Legislation (H.R. 1599) that would preempt state-level GMO labeling laws, amongst other things, has attracted efforts to amend the bill when it comes to the U.S. House floor this week. Ending Biodiesel Import Subsidy The U.S. Senate Finance Committee approved (23-3) an extension of largely energy-focused tax credits. Notably, an amendment by Senator Charles Grassley (R-Iowa) was added that would convert the $1 per gallon biodiesel blenders' tax credit to a $1 per gallon production tax credit that would only be applicable to American-made biodiesel. Biodiesel imported from Argentina, Indonesia and other countries have been benefiting from the blenders' tax credit. Although biodiesel imports are down this year, the U.S. imported over 5 mill...
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.