May 19 Corn closed at $3.4675/bushel, down $0.045 from yesterday's close. Jul 19 Wheat closed at $4.385/bushel, down $0.065 from yesterday's close. May 19 Soybeans closed at $8.5525/bushel, down $0.0675 from yesterday's close. May 19 Soymeal closed at $300.4/short ton, down $0.6 from yesterday's close. Jul 19 Soyoil closed at 28.22 cents/lb down 0.15 cents from yesterday's close. Jun 19 Live Cattle closed at $118.35/cwt down $2.775 from yesterday's close. Aug 19 Feeder Cattle closed at $156.725/cwt down $2.975 from yesterday's close. Jun 19 Lean Hogs closed at $92.775/cwt up $0.4 from yesterday's close. Jun 19 WTI Crude Oil closed at $65.77/barrel down $0.53 from yesterday's close.&nbs...
What You Need to Know Today: The corn and soybean markets closed slightly higher in low-volume trade. The wheat market was mixed, with HRW continuing its downward trek on improved moisture. As expected, the bearish cattle on feed report drove down cattle prices and pulled hogs down with it. Mi...
Monday, 25 May is a U.S. holiday, and both the markets and our office will be closed. Please note that the next issue of Ag Perspectives will be published on Tuesday, 26 May. The WPI staff wishes everyone a safe and enjoyable holiday weekend...
USDA’s monthly cattle on feed report was released today. The total number of cattle on feed in feedlots with 1,000 head or more capacity amounted to 11.6 million head, 102 percent of last year. Source: USDA, WPI Placements were up, but part of that is attributable to persistent drought c...
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.