Last week, we noted an outbreak of highly pathogenic avian influenza (HPAI) in a turkey flock in Indiana. Approximately 29,000 birds were euthanized. Poultry industry and government officials report being on “high alert.” There was also a case in a turkey flock in Nova Scotia. The second U.S. case was discovered in Kentucky in a broiler flock and now a second in Indiana. Investigations are ongoing about another possible case in a turkey flock in Kentucky as well. There’s also been a case in a mixed-species backyard flock in Fauquier County, Virginia. Interestingly, Fauquier is 54 miles from Washington, DC, and about 95 miles, and on the east side of the Blue Ridge Mountains, from Virginia’s commercial production reg...
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.