Jul 20 Corn closed at $3.145/bushel, up $0.025 from yesterday's close. Jul 20 Wheat closed at $5.165/bushel, down $0.095 from yesterday's close. Jul 20 Soybeans closed at $8.375/bushel, up $0.055 from yesterday's close. Jul 20 Soymeal closed at $288.6/short ton, up $0.2 from yesterday's close. Jul 20 Soyoil closed at 26.17 cents/lb up 0.4 cents from yesterday's close. Jun 20 Live Cattle closed at $84.275/cwt down $0.425 from yesterday's close. Aug 20 Feeder Cattle closed at $128.45/cwt up $0.525 from yesterday's close. Jun 20 Lean Hogs closed at $55.525/cwt down $0.675 from yesterday's close. Jun 20 WTI Crude Oil closed at $15.41/barrel up $3.07 from yesterday's close. ...
What You Need to Know Today: Attacks between the U.S. and Iran intensified overnight and the U.S. Central Command reported that the U.S. naval blockade against Iran will begin at 3:00 PM CDT Tuesday. President Trump said the Strait of Hormuz is open to all shipping traffic, except Iran. In an...
Beef packer margins improved to -$172/head last week, up $31 from the prior week as sharply lower fed cattle prices more than offset a seasonal decline in the Choice cutout. The cutout fell to $382/cwt while fed cattle prices dropped to $248/cwt, allowing packers to recover some of the margin c...
Key Takeaways: Aquaculture is becoming increasingly important in meeting global seafood demand, gaining market share as wild-caught fisheries face production limitations. Superior feed conversion efficiency gives aquaculture a competitive advantage over traditional livestock production, with l...
From WPI Consulting
Forecasting developments in production agriculture
On behalf of a private U.S. agricultural technology provider, WPI’s team generated an econometric model to forecast the movement of concentrated corn production north and west from the traditional U.S. Corn Belt. WPI’s model has subsequently provided quantitative support to a multi-million-dollar investment into short-season corn variety development. WPI’s methodology included a series of interviews with regional grain elevators and seed consultants. Emphasizing outreach and communication with stakeholders who possess intimate sectoral knowledge – on-the-ground insights – is a regular component of WPI’s methodologies, made possible by WPI’s ever-growing network of industry contacts.