Jul 26 Corn closed at $4.1175/bushel, down $0.0725 from yesterday's close. Jul 26 Wheat closed at $5.8675/bushel, down $0.0075 from yesterday's close. Jul 26 Soybeans closed at $11.15/bushel, down $0.08 from yesterday's close. Jul 26 Soymeal closed at $301.7/short ton, down $0.2 from yesterday's close. Jul 26 Soyoil closed at 74.45 cents/lb down 0.88 cents from yesterday's close. Aug 26 Live Cattle closed at $242.675/cwt up $1.175 from yesterday's close. Aug 26 Feeder Cattle closed at $359.65/cwt up $5.275 from yesterday's close. Jul 26 Lean Hogs closed at $96.625/cwt down $0.225 from yesterday's close. Jul 26 WTI Crude Oil closed at $86.43/barrel down $3.6 from yesterday's close. ...
Illuminating the value of technical research
On behalf of a commodity producer organization, WPI evaluated the outputs from a project that featured a $5 million investment into technical research over multiple years. WPI’s team captured the results of this extensive effort and synthesized them for presentation to the organization’s governing board; among the findings uncovered and presented for the first time was the development of genomic traits proven, via rigorous testing, to provide crop yield advantages of 50 percent or more to U.S. farmers in times of drought. Capturing measurable results from long-term efforts can be challenging. Educating clients on the dynamics of success measurement when quantifiable results are not readily available requires deep client-consultant collaboration and an ability to consider both near- and long-term client aspirations with market/policy dynamics – attributes that WPI brings to every consulting engagement.
What You Need to Know Today: The September Cattle on Feed report was strongly bullish, with both the 1 September on-feed inventory and August placements coming in well below average expectations and below the bottom of their respective pre-report estimate ranges. China continues to buy U...
USDA’s September cattle on feed report was released Friday, with the total number of cattle in feedlots with 1,000 head or more capacity amounting to 11.2 million head, 101 percent of last year. Placements dropped in August to their lowest total for the month since records began in 1996...