The Week after Florence The North Carolina Department of Agriculture released estimates of the damage from Hurricane Florence, indicating 5,500 hogs and pigs were lost (versus 2,800 in 2016 with Hurricane Matthew) along with 3.4 million birds (both turkey and broilers). The state has 831 million broilers and 9 million swine. Estimates on crop losses are not available, but those of lagoons and manure spills total around 25 instances with varying degrees of severity. The footprint of the hurricane covered the state’s top six ag-producing counties and repeated the flooding caused by Hurricane Matthew, meaning some poultry and swine operations were still financially and operationally recovering. The poultry and livestock death toll coul...
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.