Wrong Question In the 1980 presidential campaign just before Thanksgiving, inflation was soaring, and Iran held American diplomats’ hostage. Candidate Ronald Reagan asked the public if they were better off with his opponent, Jimmy Carter being President? President Biden tried a similar tack this week, arguing that, “This Thanksgiving we’re all in a very different circumstance, things are a hell of a lot better.” Critics note that Thanksgiving dinner will be the most expensive in history, costing at least 5 percent more than last year and that is if you can find a turkey. There will be fewer products and deals on Black Friday and Christmas trees are in short supply due to drought. It was a tough election day yesterda...
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.