May 26 Corn closed at $4.4025/bushel, down $0.0075 from yesterday's close. May 26 Wheat closed at $5.8225/bushel, up $0.1125 from yesterday's close. May 26 Soybeans closed at $11.6225/bushel, down $0.135 from yesterday's close. May 26 Soymeal closed at $331.9/short ton, up $0.1 from yesterday's close. May 26 Soyoil closed at 66.5 cents/lb down 0.59 cents from yesterday's close. Jun 26 Live Cattle closed at $248.525/cwt down $0.675 from yesterday's close. May 26 Feeder Cattle closed at $372.825/cwt up $0.475 from yesterday's close. Jun 26 Lean Hogs closed at $103.125/cwt down $0.6 from yesterday's close. May 26 WTI Crude Oil closed at $97.91/barrel up $1.34 from yesterday's close. ...
What You Need to Know Today: The U.S. and Iran exchanged strikes, with the U.S. hitting Iranian bridges, energy sites, and military infrastructure. Iran launched a missile into Kuwait that damaged a desalination plant. Crude oil futures surged on heightened Middle East tensions, providing supp...
Congress returned this week from its Fourth of July recess, with another break scheduled for the month of August, to face a busy agenda before adjourning for the August recess. Congress has several priorities, including the National Defense Authorization Act, a potential third reconciliation pa...
There was a time, not so long ago, when you could easily explain U.S. agricultural policy. It was countercyclical and focused on risk management, especially for traditional row crops. There were a few exceptions, like dairy and sugar, which maintained the remnants of supply control. Participati...
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.