Dec 24 Corn closed at $4.2825/bushel, down $0.0425 from yesterday's close. Dec 24 Wheat closed at $6.035/bushel, down $0.1175 from yesterday's close. Nov 24 Soybeans closed at $10.46/bushel, down $0.1 from yesterday's close. Dec 24 Soymeal closed at $332.5/short ton, down $7.9 from yesterday's close. Dec 24 Soyoil closed at 44.53 cents/lb up 0.89 cents from yesterday's close. Dec 24 Live Cattle closed at $186.4/cwt down $1.3 from yesterday's close. Nov 24 Feeder Cattle closed at $248.125/cwt down $0.425 from yesterday's close. Dec 24 Lean Hogs closed at $76.4/cwt down $0.35 from yesterday's close. Nov 24 WTI Crude Oil closed at $73.6/barrel up $3.5 from yesterday's close. ...
The House Energy and Commerce Subcommittee on Health held a hearing on legislative proposals concerning food regulation and oversight. The hearing was focused on a wide range of bills, in keeping with the Make America Healthy Again (MAHA) agenda, ranging from anti–plant-based dairy produc...
Mediterranean/Middle East/North Africa/Africa – MEA Region Egypt and Algeria, in addition to Israel, are being monitored by Ukraine as possible destinations for grain taken by Russia from occupied Ukrainian regions. In April, Egypt had said that it would “stop accepting such shipmen...
What You Need to Know Today: U.S. launches naval escort operations in the Strait of Hormuz as Iran attacks UAE oil infrastructure, escalating geopolitical risk and supporting energy and broader commodity markets Biofuel demand entering uncharted territory, with soyoil valuation increasingly di...
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.