As it does each year in advance of its annual Outlook Forum in February, USDA today released a report that outlines the numerous assumptions used to construct 10-year baseline projections for the U.S. agricultural sector.As sort of a preamble to its annual Outlook Forum held in late February, USDA releases a report each year that outlines the numerous assumptions used by analysts to construct their 10-year baseline projections for the U.S. agricultural sector. Those projections, which were released today in advance of this year’s 23-24 February event, cover the following: annual planted and harvested acreage; production; yields; supply/demand; end stocks and stocks/use ratios; farm prices; variable production costs; and returns over variabl...
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.