Tyson Foods announced this week that it was shutting its Perry, Iowa plant. Press reports indicate that the facility has a capacity of about 9,000 hogs per day, industry estimates put it at around 8,250 to 8,500 head per day. It is a relatively smaller plant and is now 61 years old. Given the state of the industry, with a smaller pig crop and fewer market hogs, this plant would be expected to stay closed. It will be closed at the end of June, and any loss of capacity (netting the extension of the line speed pilot program, etc.) would most likely be felt in Q4 of the year. From a price perspective, that could hit Iowa. Nonetheless, pork production is forecast to increase in 2024, driven by demand. High retail prices for beef are a factor be...
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...
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.