After making landfall along the Gulf Coast of Florida, Hurricane Helene struck northeast Georgia and western North Carolina. All commodities in the region have been affected, including pecan orchards and timber land, but also corn, soybeans, cotton and poultry. Given the location, hog production has not been as impacted as in past hurricanes that struck eastern North Carolina. In Georgia, Governor Brian Kemp reported over the weekend that 107 poultry farms in the state had been either severely damaged or completely destroyed. Wayne-Sanderson Farms processing facility in Moultrie remains closed today. Pilgrim’s Pride suspended production at two of its facilities over the weekend due to power outages. House of Raeford resumed ope...
Weighing in on strategic realignment
WPI’s team was retained by the governing board of a U.S. industry organization to review a decision, reached by vote, to invest significant assets into the development and management of an export trading company. WPI’s team conducted a formal review of this decision and concluded that the current level of market saturation would limit the benefits of the investment. Based on WPI’s analysis and recommended actions, the board subsequently reversed its decision and undertook a strategic planning effort to identify more impactful investments. On behalf of numerous clients, WPI has not only assisted in identifying strategic paths but also advised their implementation.
Key Market Insights The broad market is locked in on this week’s Trump-Xi meeting in Beijing, but this is no longer just a trade summit. Increasingly, the meeting is becoming tied directly to Iran, energy security, and the growing global economic fallout from disruptions through the Strai...