This new checkoff would be authorized by the Commodity Promotion, Research, and Consumer Information Act of 1996, also known as the Generic Act, and the comment period will be open until 10 December 2014.As previously reported, USDA Secretary Tom Vilsack announced he would propose a new and second beef checkoff to exist alongside the current program. Yesterday USDA published a "Request for Comments on a New Beef Promotion Research and Information Order" in the Federal Register. The comment period will be open until 10 December 2014.This new checkoff would be authorized by the Commodity Promotion, Research, and Consumer Information Act of 1996, also known as the Generic Act. The beef checkoff was created under specific farm bill legislation...
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.