Singing Constituency’s Chorus USDA Secretary Tom Vilsack knows his constituency. He has reportedly called on the Congress to reauthorize Trade Promotion Authority for President Biden so that more trade agreements can be negotiated, and he suggested that it is possible the U.S. could seek to join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership. Both are major goals of the U.S. agriculture community. The only off-note in his recent messaging is the implied reluctance to challenge Mexico under the USMCA for its proposed bans on glyphosate and GMO food corn. His chorus will be watching the latter issue very carefully. Forest for the Trees The organic community and “sustainability” groups like...
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
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.