This week, the FDA’s Center for Veterinary Medicine (CVM) approved, or more accurately declared, a “low risk determination” for heat tolerant gene-edited cattle. The company involved used the CRISPR gene-editing technique to produce cattle with the short-hair trait, known as a “slick coat.” Some scientists say cattle with an extremely short coat may be better able to tolerate hot weather (think Angus instead of Brangus in the southern Plains). The gene editing is known as PRLR-SLICK cattle, and commercial PRLR-SLICK cattle bred using conventional breeding techniques would not have to register with FDA for producing meat animals. The FDA stated, “the food from the cattle is the same as food from conventio...
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...