SPREADS July crush trades at 69.52c /bu while oilshare trades down to 40.99%. Spreads remain firm with July/NOv inverse from 1.84 1/2c down to 1.72 3/4c. May/July beans inverts to a 26c higher from 23 3/4c. July/Dec meal trades from $19.70 down to $19.50, while May/July trades from $3.90 carry into $3.00. May/July wheat trades from 1/2c to 2c carry. July /Dec corn firms to 90 1/4c from lows of 83 1/4c. July wheat/corn trades from 80c to 87 1/2c. PALM OIL July crude traded down 33 ringgits/mt. SGS on Monday forecast exports for April 1-25 at 1.116 mmt vs. 1.014 mmt prev. NEWS Stocks are 45 pts higher with crude oil trading mixed just above $60/barrel. Concerns continue over rising co...
Beef packer margins deteriorated to -$261/head last week, down $19 from the prior week as weaker beef values (especially the Choice cutout) were offset by firmer fed cattle prices, which further compressed packer profits. The cutout slipped to $387/cwt while fed cattle prices held above $259/cw...
What You Need to Know Today: The U.S. and Iran reportedly agreed to pause hostilities to allow vessels to transit the Strait of Hormuz this week (theoretically, at least). There were some rumors of a possible Chinese blockade against Taiwan. Analysts are looking for the largest U.S. 1 June cor...
Proposition 12: The National Pork Producers Council (NPPC) has advocated for a fix to Proposition 12, the California animal welfare law, in the Senate farm bill. The House version of the farm bill included a fix, but the Senate bill, based on the discussion draft released by Chairman John Boozm...
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.