Partially Right, Partially Wrong Hiroshige Seko, Japan’s top political leader at the Ministry of Economy, Trade and Industry (METI), correctly asserted today that his country’s automobile industry is a major contributor to the U.S. economy. Japanese companies have not only brought manufacturing jobs to the U.S., but they forced American manufacturers to greatly improve the products they sell at home and abroad. However, the minister misspoke on two fronts. He expressed empathy for Trump’s “feelings” of concern about the U.S. trade deficit, which is a symbolic proxy for imbalanced trading terms and not an issue itself. Second, he reportedly said that President Trump’s tariff policies “reflect a seri...
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.