A survey by the European Central Bank found that 66 percent of Europeans say they already eat less meat in order to flight climate change, and another 13 percent say they plan to do so soon. Europeans take climate change seriously and Denmark has included climate change in calculating its dietary guidelines, again with the conclusion to eat less meat. In fact, the data shows that EU consumption of beef, pork, and poultry is down 2 percent from its peak in 2018. But EU production of beef, pork, and poultry is rising at a CAGR of 1 percent. Indeed, EU soybean imports to feed the additional animals has been rising, much to the chagrin of food sovereigntist. This is because EU exports of beef, pork, and poultry have been rising at...
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.
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...