Dec 26 Corn closed at $4.4825/bushel, up $0.005 from yesterday's close. Dec 26 Wheat closed at $6.065/bushel, up $0.03 from yesterday's close. Jan 27 Soybeans closed at $12.1675/bushel, down $0.175 from yesterday's close. Dec 26 Soymeal closed at $319.6/short ton, down $5 from yesterday's close. Dec 26 Soyoil closed at 65.08 cents/lb down 0.82 cents from yesterday's close. Dec 26 Live Cattle closed at $219.7/cwt down $1.25 from yesterday's close. Jan 27 Feeder Cattle closed at $332.675/cwt up $0.9 from yesterday's close. Dec 26 Lean Hogs closed at $58.175/cwt down $0.7 from yesterday's close. Dec 26 WTI Crude Oil closed at $96.14/barrel down $7.98 from yesterday's close. ...
With less than 24 hours until Election Day, control of the Senate remains a wild card. Republicans and Democrats alike say they are poised to win control of the chamber in the new Congress that starts in January 2027. The House of Representatives is more of a lost cause for continued Republican...
Key Takeaways: U.S. hog and pork prices have declined sharply, with December lean hog futures ending October at $58.875/cwt and the pork cutout reaching its lowest level since January 2021. Seasonal increases in hog slaughter and pork production have contributed to price weakness, although the...
Crop Conditions-Argentina Corn Corn planting in Argentina has reached 47.3 percent of the projected 8.4 Mha, advancing 7.5 percentage points over the week and running 12.3 points ahead of last season, partly due to a larger early-planted area. Fieldwork gained momentum across western and southe...
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.