The Congressional August recess is coming soon with the Senate scheduled to adjourn on 9 August. That means the next three weeks provide a busy legislative window to deal with President Biden’s infrastructure bill and the budget reconciliation bill. Senate Majority Leader Chuck Schumer (D-New York) has scheduled a procedural vote tomorrow on the infrastructure package. There is no bill drafted yet, however, and the procedural vote would need a 60-vote majority, so Schumer’s move is mostly to apply political pressure. There are groups of bi-partisan lawmakers working on various elements of the package, and even some Democrat Senators have questioned the procedural vote – but ultimately, it will likely break along par...
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.