Procedural Action on Mexico: The Biden Administration has formally requested technical consultations with Mexico under the USMCA to discuss the proposed GMO corn ban. The consultations are a technical requirement before a formal dispute settlement can be filed. Given Mexico City’s prior foot dragging and political commitment to banning GMO food corn imports, the discussions are likely to be mere formality before a case is filed. Civil War II: The war amongst the states started with California requiring that pork from other states be from pigs raised according to standards established by politicians in Sacramento. Depending on how the Supreme Court rules on the challenge, it could unleash even more disruptions to interstat...
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.