Dec 24 Corn closed at $4.3025/bushel, up $0.03 from yesterday's close. Dec 24 Wheat closed at $5.525/bushel, up $0.0275 from yesterday's close. Jan 25 Soybeans closed at $9.905/bushel, down $0.08 from yesterday's close. Dec 24 Soymeal closed at $289.4/short ton, up $0.8 from yesterday's close. Dec 24 Soyoil closed at 43.28 cents/lb down 1.56 cents from yesterday's close. Feb 25 Live Cattle closed at $187.925/cwt down $0.075 from yesterday's close. Jan 25 Feeder Cattle closed at $252.325/cwt up $0.325 from yesterday's close. Dec 24 Lean Hogs closed at $80.525/cwt up $0.975 from yesterday's close. Jan 25 WTI Crude Oil closed at $69.09/barrel down $0.15 from yesterday's close. ...
What You Need to Know Today: Oil prices moved higher early Monday before giving back some of their gains after drone attacks forced the shutdown of Saudi Arabia’s East-West Pipeline, a critical route for bypassing constrained shipping through the Strait of Hormuz. The disruption puts rou...
Key Takeaways: Expected returns to production for U.S. cow-calf producers have shifted lower from prior forecasts as cattle values fall and feed costs rise. Producer revenues are forecast 1 percent below our August outlook and will be 1.2 percent below 2025 levels. Feed costs have lessen...
The Senate will reconvene today after a late August recess and will adjourn in early October, in about 3 to 4 weeks. The farm bill will move front and center on the agenda. A major fly-in is scheduled for today and Tuesday, with the goal of hitting all Senate offices. Groups participating in th...
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.