Dec 24 Corn closed at $3.98/bushel, down $0.0225 from yesterday's close. Sep 24 Wheat closed at $5.33/bushel, up $0.0475 from yesterday's close. Nov 24 Soybeans closed at $9.76/bushel, up $0 from yesterday's close. Dec 24 Soymeal closed at $308.3/short ton, down $2.2 from yesterday's close. Dec 24 Soyoil closed at 39.2 cents/lb up 0.12 cents from yesterday's close. Oct 24 Live Cattle closed at $175.6/cwt down $3.425 from yesterday's close. Sep 24 Feeder Cattle closed at $234.5/cwt down $4.775 from yesterday's close. Oct 24 Lean Hogs closed at $76.4/cwt down $0.4 from yesterday's close. Oct 24 WTI Crude Oil closed at $73.13/barrel down $0.53 from yesterday's close. ...
From the monthly cold storage report it is interesting to look at the poultry numbers and changes due to HPAI that has been plaguing the sector to some degree since 2022. Total chicken in cold storage was up 1.1 percent on the year and up 0.9 percent on the month. For eggs, the total inve...
Argentina Export Tax Reform The Argentine government announced a new long-term schedule for reducing export taxes ("retenciones"), one of the main policy tools affecting agricultural profitability and farmer selling decisions. Export taxes are applied directly to export values and have historic...
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.