McDonald’s has announced that it will bring back its seasonal and iconic McRib sandwich this year. The McRib has almost a cultish following. In fact, there is a “McRib locator” blog on the internet, because not only is the sandwich seasonal, typically it’s regional as well. But in 2020 it will be available nationally, adding about 40 percent more stores than in 2019. The regionality thing is mostly marketing - in some areas of the country it is just not as big a hit as it is in other areas. But in the COVID era, comfort food rules. But the real driver of the seasonality is the supply of pork. The sandwich is made from the shoulder butt primal (and trimmings). Look at the monthly average prices of that primal,...
What You Need to Know Today: USDA reports are delayed until Tuesday due to the federal holiday on Monday. Over the weekend, President Trump announced a ceasefire between Russia and Ukraine. Russia warmly welcomed and confirmed this ceasefire by conducting more strikes against Ukraine. Specific...
On Saturday, 10 October, at a campaign rally in Clarksville, Tennessee, President Trump said that the U.S. and Mexico would come to terms on a new trade deal, and he said Canada does not need to be part of the deal. Trump called the coming agreement with Mexico “great” but gave no d...
Key Takeaways: The United States has steadily lost global wheat export market share since the 1970s, falling from the world's leading exporter to a projected fifth place in 2026/27. The rapid expansion of Black Sea wheat exports, driven by improved productivity and export infrastructure, has r...
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.