War Changes Everything A month ago, the focus in Europe was greening agriculture and stopping climate change but the war has reversed the course in Brussels. Ukraine is a major food supplier to Europe and Ukrainian Agribusiness Club Chairman Alex Lissit describes the situation in his country as “rather bleak” and “bad to catastrophic.” As a result, EU Agriculture Commissioner Janusz Wojciechowski now says, “we have to return to food security.” French President Emmanuel Macron is using the crisis for even more nationalistic ambitions, including “agricultural independence” and nationalizing the Electricite de France assets. A focus on food security will probably only further justify protectioni...
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.