Mar 26 Corn closed at $4.405/bushel, down $0.0175 from yesterday's close. Mar 26 Wheat closed at $5.1075/bushel, down $0.0225 from yesterday's close. Mar 26 Soybeans closed at $10.6225/bushel, down $0.0125 from yesterday's close. Mar 26 Soymeal closed at $302.3/short ton, down $1 from yesterday's close. Mar 26 Soyoil closed at 49.44 cents/lb up 0.15 cents from yesterday's close. Feb 26 Live Cattle closed at $230.475/cwt up $1.5 from yesterday's close. Mar 26 Feeder Cattle closed at $344.575/cwt up $2.9 from yesterday's close. Feb 26 Lean Hogs closed at $85.45/cwt up $0.975 from yesterday's close. Feb 26 WTI Crude Oil closed at $57.97/barrel down $0.11 from yesterday's close. ...
What You Need to Know Today: There has already been a strong run of flash soybean sales announcements in recent weeks, but more than 1.4 MMT reported this morning is an exceptionally large single-day total with major implications for the market. If the sales to China and unknown destinations w...
On Friday, at 6:57 AM, President Donald Trump announced, via a social media post, a 90-day window during which up to 300,000 metric tons of product for ground beef could be imported outside of tariff-rate quotas—a move aimed at bringing down costs for American consumers. This is the secon...
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.