Public Health Covid-19 Resurfaces in Beijing, Xinfadi Market Closed Through this morning, 137 new novel coronavirus’s have been linked to Xinfadi wholesale market in Beijing, one of the country’s largest produce terminals. Xinfadi, which handles everything from fresh fruit and vegetables to meat, eggs, and seafood, employs more than 356,000 people according to the South China Morning Post. The response by Beijing government officials has been swift. The market has been shuttered, more than 1,200 flights to the city’s two airports have been cancelled, train tickets are suspended, and nearby neighborhoods with high risks of spreading the illness (those with high density) have been quarantined. The city i...
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.