Dec 26 Corn closed at $4.455/bushel, up $0.03 from yesterday's close. Dec 26 Wheat closed at $5.9325/bushel, up $0.09 from yesterday's close. Jan 27 Soybeans closed at $12.315/bushel, up $0.125 from yesterday's close. Dec 26 Soymeal closed at $329.8/short ton, up $4.4 from yesterday's close. Dec 26 Soyoil closed at 63.77 cents/lb up 0.35 cents from yesterday's close. Dec 26 Live Cattle closed at $220.65/cwt up $1.75 from yesterday's close. Jan 27 Feeder Cattle closed at $335.35/cwt up $3.675 from yesterday's close. Dec 26 Lean Hogs closed at $55.45/cwt up $0.3 from yesterday's close. Dec 26 WTI Crude Oil closed at $88.85/barrel up $0.11 from yesterday's close. ...
Key Takeaways: The rationale for farm programs has changed significantly from their original intentions. Farmers’ incomes have grown sharply and have surpassed non-farm incomes beginning in the 1970s. Current farm programs are complex and focus on supporting risk management, environmenta...
What You Need to Know Today: The U.S. dollar continued to strengthen Thursday as persistent inflation reinforced expectations for additional Federal Reserve interest rate hikes. Higher Treasury yields have helped support the dollar, potentially reducing the competitiveness of U.S. agricultural...
In yesterday’s WASDE, USDA reduced its overall red meat and poultry production forecast for 2026 as declines in beef and broiler output more than offset increases in pork and turkey production. Fourth-quarter beef production was revised downward because of slower fed cattle marketings and...
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.