Dec 24 Corn closed at $4.165/bushel, up $0.02 from yesterday's close. Dec 24 Wheat closed at $5.6875/bushel, up $0.0075 from yesterday's close. Jan 25 Soybeans closed at $9.9725/bushel, up $0.035 from yesterday's close. Dec 24 Soymeal closed at $299.6/short ton, up $4.3 from yesterday's close. Dec 24 Soyoil closed at 45.56 cents/lb down 0.74 cents from yesterday's close. Dec 24 Live Cattle closed at $185.075/cwt down $0.85 from yesterday's close. Jan 25 Feeder Cattle closed at $242.425/cwt down $0.775 from yesterday's close. Dec 24 Lean Hogs closed at $83.225/cwt down $0.85 from yesterday's close. Dec 24 WTI Crude Oil closed at $71.56/barrel up $2.07 from yesterday's close. ...
What You Need to Know Today: The G7 agreed to release 100 million barrels of crude oil and fuel reserves over four months, with a substantial diesel release front-loaded into the first 20 days. The announcement initially pushed crude oil lower on Friday, although it later recovered a portion o...
In a recent social media post, R-CALF unveiled its latest cattle market plan: “contracts that bind producers before establishing a base price, then tie that price to future negotiated cash transactions, should be prohibited.” That proposal aligns with recent legislation by Represent...
Key Takeaways: The recent pearl-clutching from parts of the beef industry regarding the loss of the daily Kansas fed cattle negotiated trade pricing report is overwrought and ignores the fact that the direction was readily apparent. The shift away from negotiated trade has been well docu...
From WPI Consulting
Weighing in on strategic realignment
WPI’s team was retained by the governing board of a U.S. industry organization to review a decision, reached by vote, to invest significant assets into the development and management of an export trading company. WPI’s team conducted a formal review of this decision and concluded that the current level of market saturation would limit the benefits of the investment. Based on WPI’s analysis and recommended actions, the board subsequently reversed its decision and undertook a strategic planning effort to identify more impactful investments. On behalf of numerous clients, WPI has not only assisted in identifying strategic paths but also advised their implementation.