At the moment, there is political inertia on a tax extender package. In part, this is because last year’s Protecting Americans from Tax Hikes (PATH) Act addressed 52 provisions expiring 31 December 2015. However, there are supporters of the initiative to address the biodiesel tax credit.President Obama signed a short-term appropriations bill into law on 29 September that will fund the government until 9 December 2016. Congress expects to return to a lame-duck session on 14 November in order to take up a longer-term appropriations bill for FY 2017 as well as a few other healthcare-related items. This session will also provide an opportunity to legislatively extend some expiring tax provisions, including the biodiesel tax credit that has a st...
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.