Newton’s Third Law of Physics states that for every action, there is a reaction. That law also seemingly applies to renewable energy politics. As previously reported (see Ag Perspectives, 20 October), a biofuels advocate had taken a number of steps to pressure EPA Administrator Scott Pruitt from reducing the proposed biofuel volumes for 2018, which he agreed to via a letter issued 19 October. For that action, however, there are now opposite and equal reactions. For example, a group of governors and members of Congress wrote to Administrator Pruitt and reminded him of President Trump’s electoral performance in a number of key biofuel-producing states as well as his promises to maintain the Renewable Fuel Standard (RFS.) Now the...
Weighing in on strategic realignment
WPI’s team was retained by the governing board of a U.S. industry organization to review a decision, reached by vote, to invest significant assets into the development and management of an export trading company. WPI’s team conducted a formal review of this decision and concluded that the current level of market saturation would limit the benefits of the investment. Based on WPI’s analysis and recommended actions, the board subsequently reversed its decision and undertook a strategic planning effort to identify more impactful investments. On behalf of numerous clients, WPI has not only assisted in identifying strategic paths but also advised their implementation.
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...