News Updates EGYPT COMMENTS Poultry prices in Egypt have experienced a sudden jump, with the cost of local chicken up by about 15 percent in the past couple of weeks, according to local traders. The local price is just under $3/kilogram, which seems very reasonable by North American standards but is rather expensive to the average Egyptian.Workers at Egypt's Red Sea port of Ain Sokhna are once again on strike. Employees are saying that the Dubai-based owners of the port have failed to honor agreements made in the past. The biggest complaint is that there are few employees with employment contracts; workers were hired through private agencies that have lax rules and pay very little, and they are demanding that the port hire an actual worki...
What You Need to Know Today: Cattle futures extended their sharp selloff Friday as weakening cash cattle prices, deteriorating feedlot profitability, and reduced packer demand continued to weigh on the market. The inability of futures to sustain a rally following last week's bullish Cattle on...
As predicted, the Federal Reserve held rates steady at the last meeting before the midterm elections, likely in part because of the election (see WPI 19 October and 22 September). The decision comes at the tail end of a midterm election cycle that has been marked by the two parties campaigning...
Key Takeaways: WPI’s new EU rapeseed crushing margin models point to weaker processing returns over the next four months due to higher rapeseed procurement costs and weaker product values. Statistical forecasts call for German crushing margins to decline from €181/MT to €...
From WPI Consulting
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.