Dec 24 Corn closed at $4.1375/bushel, up $0.03 from yesterday's close. Dec 24 Wheat closed at $5.705/bushel, up $0.1175 from yesterday's close. Nov 24 Soybeans closed at $9.6525/bushel, down $0.0875 from yesterday's close. Dec 24 Soymeal closed at $301.8/short ton, down $3 from yesterday's close. Dec 24 Soyoil closed at 42.8 cents/lb up 0.11 cents from yesterday's close. Dec 24 Live Cattle closed at $187.95/cwt down $1.325 from yesterday's close. Jan 25 Feeder Cattle closed at $244.025/cwt down $2.925 from yesterday's close. Dec 24 Lean Hogs closed at $82.825/cwt up $2.2 from yesterday's close. Dec 24 WTI Crude Oil closed at $67.19/barrel down $0.19 from yesterday's close. ...
Forecasting developments in production agriculture
On behalf of a private U.S. agricultural technology provider, WPI’s team generated an econometric model to forecast the movement of concentrated corn production north and west from the traditional U.S. Corn Belt. WPI’s model has subsequently provided quantitative support to a multi-million-dollar investment into short-season corn variety development. WPI’s methodology included a series of interviews with regional grain elevators and seed consultants. Emphasizing outreach and communication with stakeholders who possess intimate sectoral knowledge – on-the-ground insights – is a regular component of WPI’s methodologies, made possible by WPI’s ever-growing network of industry contacts.
What You Need to Know Today: The September Cattle on Feed report was strongly bullish, with both the 1 September on-feed inventory and August placements coming in well below average expectations and below the bottom of their respective pre-report estimate ranges. China continues to buy U...
USDA’s September cattle on feed report was released Friday, with the total number of cattle in feedlots with 1,000 head or more capacity amounting to 11.2 million head, 101 percent of last year. Placements dropped in August to their lowest total for the month since records began in 1996...
Key Takeaways: The U.S. herd is stabilizing, but growth remains modest. Total goat inventory rose 1 percent in 2026, while meat-goat numbers increased 2 percent, which is not enough to materially reduce import dependence. Domestic slaughter is rising from a low base. Commercial slaughter incre...