Jul 26 Corn closed at $4.1375/bushel, down $0.0175 from yesterday's close. Jul 26 Wheat closed at $5.96/bushel, up $0.0625 from yesterday's close. Jul 26 Soybeans closed at $11.3/bushel, up $0.1075 from yesterday's close. Jul 26 Soymeal closed at $304.8/short ton, up $2.8 from yesterday's close. Jul 26 Soyoil closed at 72.92 cents/lb down 1.45 cents from yesterday's close. Aug 26 Live Cattle closed at $249.2/cwt up $5.95 from yesterday's close. Aug 26 Feeder Cattle closed at $366.875/cwt up $5.325 from yesterday's close. Aug 26 Lean Hogs closed at $95.05/cwt down $0.725 from yesterday's close. Jul 26 WTI Crude Oil closed at $76.8/barrel down $3.95 from yesterday's close. ...
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.