China Differences A hog slaughter plant was rejected in the U.S. farm state of Nebraska for not-in-my-backyard (NIMBY) reasons, but scale production is viewed totally differently in China. Three companies there have formed a “strategic cooperation deal” to produce 4 million Landrace pigs outside of Shanghai within four years and 10 million by 2025. Meanwhile, the internet debate was lively over the butchering of a hog in front of a class of kindergarteners in Hubei Province. Some reflected on its potential to scare the children, while others called it learning practical knowledge outside of their textbooks. Meanwhile, WPI analyst Mike Krueger quipped that students in the U.S. likely believe that pork chops come from trees. Sep...
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.