October meat and livestock trade data was released on Friday. Beef exports are down 2.6 percent at 2.5 billion pounds, following lower U.S. beef production (down 0.4 percent) and higher prices. October exports to Canada fell 23.7 percent. Exports to Japan were flat year to date at 543 million pounds, while exports to Mexico increased 9.8 percent to 284 million pounds. However, exports to China were up 20. January through October year-to-date exports to China are down 8 percent, and exports to Korea, (-8.8 percent) and Canada (-7.2 percent) are down on the year. On the import side, with low cow slaughter in both beef and dairy so far this year, imports of lean trim remain high to fulfill the need for beef for grinding. Year-to-date beef...
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.