President Biden tweeted over the weekend that, “My message to the companies running gas stations and setting prices at the pump is simple: this is a time of war and global peril…“Bring down the price you are charging at the pump to reflect the cost you’re paying for the product. And do it now.” The oil and gas industry advised that the White House intern that wrote the tweet should enroll in Econ 101. The Wall Street Journal noted that most gas stations are individually, or family owned, and they earn an average of 10-cents a gallon. The more profitable side of the business is selling agricultural products like food and cigarettes. The agrifood industry should be concerned whenever policymakers reveal t...
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.