Yesterday, there were two reports made public of highly pathogenic avian influenza (HPAI) detections in livestock. First, kid goats in Minnesota, who were in what was a former backyard poultry operation depopulated due to HPAI. That set of circumstances created a situation where there was a high viral load of HPAI which affected the newly born goats with low immune systems defenses. Second, and less clear on the how and why, tests of milk produced from sick dairy cows in Texas and Kansas were positive for HPAI. It should be noted that the milk tested was unpasteurized. Also, dairy farmers are prevented from marketing milk that comes from sick cows, thus keeping the virus out of the food chain. The illness among dairy cows had been a myste...
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...