China Opens to Chicken On 31 October, we reported that its was expected that broilers would be included in any U.S. China trade deal, and although that deal remains elusive, China announced today that it would open its market up to U.S. poultry. The access is effective immediately. As we reported previously, U.S. poultry has been banned from the market since 2015 in response to the avian influenza (AI) outbreak in the U.S. This included broilers, even though AI only hit turkeys and layers. Prior to that, antidumping duties were applied in 2010 (which were successfully challenged in the WTO, but that case was not ruled on until 2018). In 2008 and 2009, broiler exports were at more than $700 million (and about $71 million for t...
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.