The House of Representatives may take up the FY2024 Agricultural Appropriations bill this week, and then again, it may not. First, in the House, legislation has to go through the Rules Committee where that panel sets the rules of debate, including which amendments are considered in order and which are considered out of order. Lawmakers have already filed between 150 and 160 amendments to the bill, of which many come from the Republican side of the aisle. That means they are more likely to be ruled in order given the Republican majority on the Rules Committee. How fast the Rules Committee acts will determine if the appropriations bill gets to the House Floor. The agriculture bill is one of 12 regular appropriations bills the Con...
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.