If the Internet is an example of how energy, mechanization and digitization can be melded to better inform the public, the lesson is that there is an equal risk of misinformation. Loss Suits Non-GMO: A federal court has dismissed a lawsuit alleging that the Chipotle restaurant chain falsely advertised its food as non-GMO. It ruled that the plaintiff failed to specify the products or quantify any economic injury. Notable is the judge’s contention that “reasonable” consumers would not consider meat and dairy produced using GM feed to be itself genetically modified. Some strident anti-GMO groups will disagree with that interpretation.Chesapeake: The U.S. Supreme Court declined to hear a lawsuit filed by the American Farm Bureau Federation an...
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.