Mar 25 Corn closed at $4.82/bushel, down $0.0825 from yesterday's close. Mar 25 Wheat closed at $5.595/bushel, down $0.07 from yesterday's close. Mar 25 Soybeans closed at $10.42/bushel, down $0.02 from yesterday's close. Mar 25 Soymeal closed at $301.1/short ton, down $3.6 from yesterday's close. Mar 25 Soyoil closed at 46.11 cents/lb up 1.13 cents from yesterday's close. Apr 25 Live Cattle closed at $202.3/cwt up $0.8 from yesterday's close. Mar 25 Feeder Cattle closed at $275.725/cwt up $2.525 from yesterday's close. Apr 25 Lean Hogs closed at $90.35/cwt down $1.575 from yesterday's close. Mar 25 WTI Crude Oil closed at $73.11/barrel up $0.38 from yesterday's close. ...
What You Need to Know Today: U.S. and Chinese officials are expected to discuss agriculture and non-tariff trade barriers ahead of Chinese President Xi Jinping’s visit to Washington later this month, potentially opening the door to additional U.S. agricultural purchases or improved marke...
The U.S. will observe Labor Day on Monday, 7 September. U.S. markets and the WPI office will be closed that day. The next edition of Ag Perspectives will be published Tuesday, 8 September...
Key Takeaways: Drought and changes to the multi-year trend in cow slaughter and retention have the potential to dramatically alter beef trim supplies and pricing, and WPI specifically models three different drought scenarios for fall 2026. Based on our models, WPI expects 90 percent lean...
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.