South Korea has once again completely banned all imports of U.S. broiler meat due to a geographically limited outbreak of highly pathogenic avian influenza (HPAI). Seoul uses such limited disease outbreaks in the U.S. solely to protects its farmers from competition. KORUS Shortcoming The state of Indiana produces just 0.155 percent of the broilers in the United States. While it is more important in turkey production, the bottom line is that South Korea has once again completely banned all imports of U.S. broiler meat due to a geographically limited outbreak of highly pathogenic avian influenza (HPAI). By contrast, trading partner Japan has limited the import ban to just birds from Indiana. The driving force for Seoul is not animal health...
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.