The EU Commission has determined that there is no need for continent-wide legislation to deal with perceived unfair trading power by wholesalers/grocers over farmers. TPP Toil and Trouble President Obama is meeting with the Republican leaders of the House and Senate to discuss the legislative agenda, presumably pitching for prompt work on the Trans-Pacific Partnership (TPP). The administration concedes that it can offer very few supporters of the agreement from its party members, and there isn’t much hope for approval in 2017 given the anti-trade rhetoric from candidates in both parties running to be the next president. A firm commitment to take the issue up in a lame-duck session (November/December) of Congress may be the best that can b...
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.