Dec 26 Corn closed at $5.035/bushel, up $0.055 from yesterday's close. Dec 26 Wheat closed at $7/bushel, up $0.025 from yesterday's close. Nov 26 Soybeans closed at $12.365/bushel, down $0.0075 from yesterday's close. Dec 26 Soymeal closed at $323.8/short ton, down $1.8 from yesterday's close. Dec 26 Soyoil closed at 71.32 cents/lb up 1.36 cents from yesterday's close. Oct 26 Live Cattle closed at $218/cwt up $0.775 from yesterday's close. Sep 26 Feeder Cattle closed at $328.925/cwt down $0.2 from yesterday's close. Oct 26 Lean Hogs closed at $80.225/cwt down $1.275 from yesterday's close. Oct 26 WTI Crude Oil closed at $86.61/barrel up $2.22 from yesterday's close. ...
The USDA’s Foreign Agricultural Service (FAS) projects China’s chicken imports to drop by 33 percent this year and another 15 percent next year, as domestic production outpaces growing consumption and the country’s own exports surge. In its annual report on the Chinese poultry...
Key Takeaways: $13 billion in new U.S. dairy processing investment is moving across the sector, led by cheese ($3.2 billion), milk and cream ($2.9 billion), and yogurt and cultured dairy ($2.8 billion), with butter-powder capacity ($1.6 billion) and ice cream ($530 million) rounding out the bu...
Macro: Treasury Squeezes Yields, the Dollar Gives Way Today’s markets are offering a lesson in pressure: it rarely disappears — it simply moves. The U.S. Treasury stepped into the bond market after long-term yields surged to levels not seen in nearly two decades. By announcing plans...
From WPI Consulting
Illuminating the value of technical research
On behalf of a commodity producer organization, WPI evaluated the outputs from a project that featured a $5 million investment into technical research over multiple years. WPI’s team captured the results of this extensive effort and synthesized them for presentation to the organization’s governing board; among the findings uncovered and presented for the first time was the development of genomic traits proven, via rigorous testing, to provide crop yield advantages of 50 percent or more to U.S. farmers in times of drought. Capturing measurable results from long-term efforts can be challenging. Educating clients on the dynamics of success measurement when quantifiable results are not readily available requires deep client-consultant collaboration and an ability to consider both near- and long-term client aspirations with market/policy dynamics – attributes that WPI brings to every consulting engagement.