Dec 20 Corn closed at $3.35/bushel, down $0.005 from yesterday's close. Sep 20 Wheat closed at $5.395/bushel, up $0.1 from yesterday's close. Nov 20 Soybeans closed at $8.9925/bushel, down $0.0075 from yesterday's close. Dec 20 Soymeal closed at $298.6/short ton, up $0.7 from yesterday's close. Dec 20 Soyoil closed at 30.37 cents/lb up 0.01 cents from yesterday's close. Oct 20 Live Cattle closed at $105.1/cwt up $0.5 from yesterday's close. Aug 20 Feeder Cattle closed at $142.05/cwt up $0.025 from yesterday's close. Aug 20 Lean Hogs closed at $54/cwt down $0.475 from yesterday's close. Sep 20 WTI Crude Oil closed at $41.24/barrel up $0.17 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.