The president’s budget and the HPAI situation both have good news and bad news for the industry. Budget to Trim Statistical Capabilities of USDA The White House released a partial FY 2018 budget plan today with the entire version to be unveiled “sequentially,” according to the Office of Management and Budget (OMB). This initial blueprint contains only discretionary funding proposals. The full budget will be released later this spring, which will include specific proposals on taxes and mandatory spending. Discretionary spending is appropriated annually by Congress, and mandatory spending is authorized long term by specific statutes such as the farm bill. Farm program payments are mandatory spending, and programs like food aid fall under di...
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.