Collateral damage to non-target species by pesticides should come as no surprise. What is surprising is that the superiority of genetic modification as a pest-targeting mechanism is concurrently rejected by critics. Government Math The U.S. Navy’s goal is to have half of its fleet powered by renewable energy by 2020. Toward that end, it announced this week that Australia would provide biodiesel for the “Great Green Fleet” traveling in Asia. The biodiesel will be 10 percent beef tallow mixed with 90 percent petroleum. Yet in government parlance, it will be counted as 100 percent renewable, thus easing the ability to meet the 50 percent target. The Navy burns 1.6 billion gallons of fuel annually, which means its target is to use 800 million...
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.