Mar 25 Corn closed at $4.765/bushel, up $0.06 from yesterday's close. Mar 25 Wheat closed at $5.45/bushel, up $0.1425 from yesterday's close. Mar 25 Soybeans closed at $10.53/bushel, up $0.2775 from yesterday's close. Mar 25 Soymeal closed at $307.8/short ton, up $9.5 from yesterday's close. Mar 25 Soyoil closed at 45.99 cents/lb up 0.41 cents from yesterday's close. Feb 25 Live Cattle closed at $197.4/cwt down $1.375 from yesterday's close. Mar 25 Feeder Cattle closed at $267.9/cwt down $1.5 from yesterday's close. Feb 25 Lean Hogs closed at $83.175/cwt up $0.625 from yesterday's close. Feb 25 WTI Crude Oil closed at $78.68/barrel up $2.11 from yesterday's close. ...
Key Takeaways: Offal represents an important segment of global meat trade by adding value to underutilized portions of livestock carcasses and improving overall resource efficiency. Strong export demand for products such as pork variety meats and chicken feet allows processors to maximize carc...
Easing tensions in the Strait of Hormuz, assuming the ceasefire holds, should bring fertilizer prices down, but it could be years before that actually occurs because fertilizer price shocks resulted from not one, but two wars in or near the heart of global fertilizer production. Those wars resu...
Mediterranean/Middle East/North Africa/Africa – MEA Region TMO, the Turkish Grain Board, has announced that milling wheat exports were allowed as of 29 July due to “sufficient domestic supplies.” All milling wheat exports will require approval of an export application; approva...
From WPI Consulting
Communicating importance of value-added products
Facing increasing pressure to quantify the value of export promotion efforts to investors, a U.S. industry organization retained WPI to develop a quantitative model that better communicated the importance of exports. The resulting model concluded that value-added meat exports contributed $0.45 cents per bushel to the price of corn, increasing support for that sector’s financial support of WPI’s client. In addition to serving the red meat industry with this type of analysis, WPI has generated similar deliverables for the U.S. soybean and poultry/egg industries.