Dec 22 Corn closed at $6.84/bushel, up $0.01 from yesterday's close. Dec 22 Wheat closed at $9.02/bushel, down $0.01 from yesterday's close. Nov 22 Soybeans closed at $13.6975/bushel, down $0.1375 from yesterday's close. Dec 22 Soymeal closed at $398.5/short ton, down $3 from yesterday's close. Dec 22 Soyoil closed at 65.54 cents/lb up 0.52 cents from yesterday's close. Dec 22 Live Cattle closed at $147.925/cwt up $0.425 from yesterday's close. Nov 22 Feeder Cattle closed at $177.325/cwt up $2.125 from yesterday's close. Dec 22 Lean Hogs closed at $76.5/cwt up $2.075 from yesterday's close. Nov 22 WTI Crude Oil closed at $87.77/barrel up $1.25 from yesterday's close. ...
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.
What You Need to Know Today: The corn and soybean markets closed slightly higher in low-volume trade. The wheat market was mixed, with HRW continuing its downward trek on improved moisture. As expected, the bearish cattle on feed report drove down cattle prices and pulled hogs down with it. Mi...
Monday, 25 May is a U.S. holiday, and both the markets and our office will be closed. Please note that the next issue of Ag Perspectives will be published on Tuesday, 26 May. The WPI staff wishes everyone a safe and enjoyable holiday weekend...
USDA’s monthly cattle on feed report was released today. The total number of cattle on feed in feedlots with 1,000 head or more capacity amounted to 11.6 million head, 102 percent of last year. Source: USDA, WPI Placements were up, but part of that is attributable to persistent drought c...