While the repeal of COOL is expected to pass the House handily, the Senate scenario is not so bullish for the statute's opponents as there is still a strong faction of support there, and those senators are instead seeking reforms.As we reported last week, the House Agriculture Committee passed a bill to repeal mandatory country-of-origin labeling (COOL) by a vote of 38-6. The bill, which has 68 co-sponsors, was sparked by the WTO's 18 May decision against the U.S. statute, its fourth such ruling. Specifically, the WTO found the provisions on muscle cuts to be in violation of its rules, but the repeal would also apply to ground meat and all labeling requirements for beef, pork and chicken. However, it would not pertain to COOL requirements t...
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.