Dec 24 Corn closed at $4.2125/bushel, up $0.0075 from yesterday's close. Sep 24 Wheat closed at $5.81/bushel, down $0.0925 from yesterday's close. Nov 24 Soybeans closed at $11.13/bushel, up $0.02 from yesterday's close. Dec 24 Soymeal closed at $328.3/short ton, down $4.3 from yesterday's close. Dec 24 Soyoil closed at 46.72 cents/lb up 0.97 cents from yesterday's close. Aug 24 Live Cattle closed at $185.1/cwt up $0.825 from yesterday's close. Aug 24 Feeder Cattle closed at $261.1/cwt up $3.725 from yesterday's close. Aug 24 Lean Hogs closed at $89.775/cwt up $1.6 from yesterday's close. Aug 24 WTI Crude Oil closed at $83.05/barrel down $0.33 from yesterday's close. ...
What You Need to Know Today: There has already been a strong run of flash soybean sales announcements in recent weeks, but more than 1.4 MMT reported this morning is an exceptionally large single-day total with major implications for the market. If the sales to China and unknown destinations w...
On Friday, at 6:57 AM, President Donald Trump announced, via a social media post, a 90-day window during which up to 300,000 metric tons of product for ground beef could be imported outside of tariff-rate quotas—a move aimed at bringing down costs for American consumers. This is the secon...
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.