Intervention by President Obama seems highly unlikely, but 61 agricultural groups have nonetheless written to him asking that he intercede in the protracted longshoremen's labor dispute. Help is Unlikely Intervention by President Obama seems highly unlikely, but 61 agricultural groups have nonetheless written to him asking that he intercede in the protracted longshoremen's labor dispute. The ag groups claim adverse impacts, particularly with perishable and specialty crops, but also trade disruptions affecting exports of livestock products, rice and agricultural inputs. Likely Helped By contrast, members of the Commodity Futures Trading Commission (CFTC) have likely helped themselves via their positioning in recent months in ways more re...
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.