Congress is back in a lame-duck session to hash out a few issues, most of which have been overshadowed by politics. These include tax exenders, appropriations and COOL among others.Congress is back in a lame-duck session to hash out a few issues, most of which have been overshadowed by politics. Below is a look at some of these both inside and outside the Washington Beltway.Tax Extenders: The tax extender deal that was close to being struck (see 25 November Ag Perspectives) collapsed when Senate Majority Leader Harry Reid (D-Nevada) acquiesced to Republican opposition to the inclusion of the earned income tax credit and child care tax credit. As we previously noted, Treasury Secretary Jack Lew expressed the administration's position that pa...
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.