WOTUS is Back In February, the Trump administration promulgated a “suspension rule” that effectively delayed the implementation of the Waters of the United States (WOTUS) rule for two years. Yesterday the U.S. District Court for the District of South Carolina decided that the administration did not properly follow the Administrative Procedures Act in opening up the suspension rule to comments. The original rule had a 200-day comment period. The U.S. Supreme Court determined that the many challenges to the rule belonged at the federal district court level. The original 2015 rule was already subject to legal challenges, and thus unenforceable, in 13 states. In June, the District Court for the Southern District of Georgia issued...
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.