A planned work boycott by immigrant employees had an impact on the meat-packing sector.Immigration policy has been a contentious issue for years, but agriculture’s concerns about it have only heightened since the Trump administration took office promising to implement a hardline stance. While there have been no changes to date in that policy, the expectation of such and the rancorous ongoing debate are already having some impact in the economy with yesterday as an example. A social media-organized protest and work boycott called “A Day Without Immigrants” saw large numbers of immigrant workers absent from their jobs. Those boycotting work included packing plant employees, which slowed meat production. The estimated daily kill totals were 96...
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.
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...