Dec 20 Corn closed at $4.1625/bushel, up $0.0575 from yesterday's close. Dec 20 Wheat closed at $5.98/bushel, up $0.045 from yesterday's close. Jan 21 Soybeans closed at $11.535/bushel, up $0.055 from yesterday's close. Dec 20 Soymeal closed at $389.3/short ton, up $1.2 from yesterday's close. Dec 20 Soyoil closed at 37.43 cents/lb up 0.3 cents from yesterday's close. Dec 20 Live Cattle closed at $110.425/cwt up $0.5 from yesterday's close. Jan 21 Feeder Cattle closed at $137.925/cwt up $0.05 from yesterday's close. Dec 20 Lean Hogs closed at $65.15/cwt up $0.25 from yesterday's close. Dec 20 WTI Crude Oil closed at $41.4/barrel up $0.06 from yesterday's close. ...
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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.