British Stockholm Syndrome The UK announced a “bounce back” plan to recapture post-Brexit export share for the country’s farmers. It involves trade agreements with Japan, the U.S., and other countries. However, the British have adopted a European attitude towards food policy and that makes an agreement with Washington unlikely. Europeans were shocked four years ago when the British voted to leave the EU. At a meeting in Brussels that year, British officials confided that diktats from Brussels drove the decision. They explained that the Continent follows Napoleonic law, which opines what the citizenry can do. By contrast, everything is allowable under English common law unless specified otherwise. However, after nearly fi...
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.
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...