World Perspectives
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Summary of Futures

Dec 24 Corn closed at $4.06/bushel, down $0.0125 from yesterday's close.  Dec 24 Wheat closed at $5.69/bushel, up $0.005 from yesterday's close.  Nov 24 Soybeans closed at $10.1425/bushel, down $0.0375 from yesterday's close.  Dec 24 Soymeal closed at $324.1/short ton, down $0.9 from yesterday's close.  Dec 24 Soyoil closed at 40.46 cents/lb down 0.02 cents from yesterday's close.  Oct 24 Live Cattle closed at $176.925/cwt up $1.75 from yesterday's close.  Oct 24 Feeder Cattle closed at $234.725/cwt up $3.775 from yesterday's close.  Oct 24 Lean Hogs closed at $78.8/cwt down $0.7 from yesterday's close.  Oct 24 WTI Crude Oil closed at $68.77/barrel up $0.06 from yesterday's close.  &nbsp...

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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.

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