USDA’s GIPSA rules have been released, as promised, before President Obama leaves office. The rules have 60-day comment periods, which will expire in February and leave the ultimate decision to a new USDA under the incoming Trump administration.Yesterday USDA’s Grain Inspection, Packers and Stockyards Administration (GIPSA) released its rules on livestock marketing and contracting as required by the 2008 Farm Bill. They were released in three parts: an interim final rule and two proposed rules that were collectively known as The Farmer Fair Practices Rules.This matter has been particularly contentious since 2010 when GIPSA first proposed a rule under the language provided by the aforementioned farm bill. Many producer groups and most meat i...
What You Need to Know Today: After a period of limited activity, USDA reported a sizeable 613 KMT in soybean export sales, including 330 KMT to China and 283 KMT to unknown destinations, potentially also China. The purchases represent a meaningful pickup in demand and bring China closer to ful...
Key Takeaways: Consumer spending is a key driver of the U.S. economy, and the latest retail sales data indicate that spending remains robust despite inflation. In September, total retail and food service sales rose more than 6 percent year-over-year, with food service spending up 7 percent and...
The Trump import plan for 300,000 MT of beef supplies used for ground beef, i.e., lean trim, from September through November has, according to Secretary Brooke Rollins, brought some relief to beef prices. The Executive Order states that the Secretary of Agriculture will analyze and review the m...
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.