Dec 26 Corn closed at $4.98/bushel, up $0.1 from yesterday's close. Dec 26 Wheat closed at $6.975/bushel, up $0.1625 from yesterday's close. Nov 26 Soybeans closed at $12.3725/bushel, up $0.205 from yesterday's close. Dec 26 Soymeal closed at $325.6/short ton, up $6.8 from yesterday's close. Dec 26 Soyoil closed at 69.96 cents/lb up 0.33 cents from yesterday's close. Oct 26 Live Cattle closed at $217.225/cwt down $1.7 from yesterday's close. Sep 26 Feeder Cattle closed at $329.125/cwt down $4.225 from yesterday's close. Oct 26 Lean Hogs closed at $81.5/cwt up $0.775 from yesterday's close. Sep 26 WTI Crude Oil closed at $85.7/barrel up $0.76 from yesterday's close. ...
What You Need to Know Today: U.S. corn condition ratings took a surprise turn for the worse in Monday’s report, with 54 percent rated good/excellent (down 3 percent). Dry weather in the U.S. Wheat Belt is stalling planting and causing concerns for the 2027 crop, in turn boosting futures...
In a letter last week to President Trump, Zippy Duvall, president of the American Farm Bureau Federation (AFBF), wrote that diesel prices are squeezing farmers’ margins. As Duvall wrote: Higher diesel expenses are hitting farmers at one of the most fuel-intensive times of the year —...
Beef packer margins improved to $222/head last week, up $26 from the prior week as the Choice cutout strengthened while fed cattle prices slipped lower. The cutout rose to $376/cwt while fed cattle fell to $220/cwt, strengthening packer returns. Margins remain exceptionally strong compared with...
From WPI Consulting
Weighing in on strategic realignment
WPI’s team was retained by the governing board of a U.S. industry organization to review a decision, reached by vote, to invest significant assets into the development and management of an export trading company. WPI’s team conducted a formal review of this decision and concluded that the current level of market saturation would limit the benefits of the investment. Based on WPI’s analysis and recommended actions, the board subsequently reversed its decision and undertook a strategic planning effort to identify more impactful investments. On behalf of numerous clients, WPI has not only assisted in identifying strategic paths but also advised their implementation.