The stage is set for members of Congress to return to their states and districts for campaigning. Republicans who control the House will highlight the bills that the Democrats blocked, and the Democrats will highlight the issues blocked by Republicans.On 8 September we reported that in addition to passing a Continuing Resolution (CR) to fund the government through mid-December, the legislative agenda would be completely politically motivated. That's proven true this week.The House passed the CR on Wednesday, 17 September; the Senate passed it yesterday, Thursday 18 September. Both Chambers passed a bill that would fund and train Syrian rebels who make up the resistance to the Islamic State of Iraq and Syria (ISIS). President Obama issued a...
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.