Dec 26 Corn closed at $4.4875/bushel, down $0.0625 from yesterday's close. Dec 26 Wheat closed at $6.1025/bushel, down $0.0575 from yesterday's close. Nov 26 Soybeans closed at $12.2925/bushel, down $0.12 from yesterday's close. Dec 26 Soymeal closed at $334.6/short ton, down $5.6 from yesterday's close. Dec 26 Soyoil closed at 66.71 cents/lb down 0.3 cents from yesterday's close. Dec 26 Live Cattle closed at $230.85/cwt down $0.35 from yesterday's close. Jan 27 Feeder Cattle closed at $347.1/cwt up $1.1 from yesterday's close. Dec 26 Lean Hogs closed at $62.025/cwt down $2.65 from yesterday's close. Dec 26 WTI Crude Oil closed at $99.98/barrel down $1.78 from yesterday's close. ...
What You Need to Know Today: A third U.S. border crossing (Columbus, New Mexico) has reopened to Mexican cattle imports following nearly two years of restrictions related to New World screwworm. The reopening could gradually improve feeder cattle availability, although more than 60 confi...
Yesterday, the USDA’s Agricultural Marketing Service (AMS) released a new report of negotiated cash purchases of cattle under the mandatory price report. The report included Colorado, New Mexico, Oklahoma, Texas, and Kansas. The goal of the report was to solve the confidentiality issues e...
Key Takeaways: U.S. soybean crushing began in 1911 and saw its most rapid expansion during the 1930s amid the broader agricultural and technology revolutions of the time. After peaking in the early 2000s, the soybean crushing industry went through a downturn as poor crush margins forced...
Mediterranean/Middle East/North Africa/Africa – MEA Region Bangladesh has asked the USA for technical assistance to improve grain storage and strengthen quality testing of imported grains. Of major importance to Bangladesh is the “technology to improve grain preservation and grain s...
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.