The ancient Greeks associated the rising brightness in the nighttime sky of Sirius, the Dog Star, with the arrival of summer heat and humidity. Sirius would become the brightest star in the sky about mid-July normally coinciding with the hottest, most uncomfortable part of summer. The Northern Hemisphere’s oppressive summer heat during July/August has come to be known as the dog days of summer which is assumed to refer to dogs (and humans) being less active during periods of severe heat. Its ancient connection to Sirius, the Dog Star has been generally forgotten. Beginning last weekend, the “dog days of summer” have engulfed the U.S. from the Atlantic to the Pacific, from the northern border with Canada to the Gulf of Mex...
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...