At a campaign rally in Wisconsin, President Trump gave dairy farmers credit for helping him understand the importance of securing the new USMCA. He said in reference to Canada’s Class 7 pricing, “I got hit by every farmer in Wisconsin over this. It was just a step too far, right? You know, you go up to the line. They just went a little too far, and since that time, I never forgot it, so you’re really responsible to a large extent for the USMCA.” Meanwhile, back in D.C., the dairy industry was pushing for more relief under the trade mitigation package and a potential second round of funding in December. It compares the $127 million received under that package’s first tranche of payments with its own estimate of...
What You Need to Know Today: After a period of limited activity, USDA reported a sizeable 613 KMT in soybean export sales, including 330 KMT to China and 283 KMT to unknown destinations, potentially also China. The purchases represent a meaningful pickup in demand and bring China closer to ful...
Key Takeaways: Consumer spending is a key driver of the U.S. economy, and the latest retail sales data indicate that spending remains robust despite inflation. In September, total retail and food service sales rose more than 6 percent year-over-year, with food service spending up 7 percent and...
The Trump import plan for 300,000 MT of beef supplies used for ground beef, i.e., lean trim, from September through November has, according to Secretary Brooke Rollins, brought some relief to beef prices. The Executive Order states that the Secretary of Agriculture will analyze and review the m...
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.