Note: Starting 14 May, the tables currently displayed in “Closing Futures Prices” will instead appear in Market Commentary. Today’s closing prices for corn, wheat, soybeans, cattle, and hog futures are shown along with USDA’s Export Sales results. Analysis of the latter shows interesting trends in corn and soybean exports, and it also provides insights into YTD bookings for wheat, barley, soymeal and soyoil.
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Dec 26 Corn closed at $4.8325/bushel, up $0.1125 from yesterday's close. Sep 26 Wheat closed at $6.7475/bushel, up $0.22 from yesterday's close. Nov 26 Soybeans closed at $11.925/bushel, up $0.1025 from yesterday's close. Dec 26 Soymeal closed at $316.3/short ton, up $2.3 from...
What You Need to Know Today: Russia rejected calls for a ceasefire in the Black Sea, including a proposal to halt attacks on civilian shipping that could help restore grain flows from Ukrainian ports. Tyson Foods announced plans to permanently close its Joslin, Illinois, beef processing facili...
The big news in the cattle markets yesterday was Tyson Foods’ move to close two more beef plants. One of them, the Joslin, Illinois, plant was shuttered immediately after the announcement. The other, in Eagle Mountain, Utah, is a case-ready plant that does not slaughter cattle. Tyson also...
Dec 26 Corn closed at $4.8325/bushel, up $0.1125 from yesterday's close. Sep 26 Wheat closed at $6.7475/bushel, up $0.22 from yesterday's close. Nov 26 Soybeans closed at $11.925/bushel, up $0.1025 from yesterday's close. Dec 26 Soymeal closed at $316.3/short ton, up $2.3 from...
What You Need to Know Today: Russia rejected calls for a ceasefire in the Black Sea, including a proposal to halt attacks on civilian shipping that could help restore grain flows from Ukrainian ports. Tyson Foods announced plans to permanently close its Joslin, Illinois, beef processing facili...
The big news in the cattle markets yesterday was Tyson Foods’ move to close two more beef plants. One of them, the Joslin, Illinois, plant was shuttered immediately after the announcement. The other, in Eagle Mountain, Utah, is a case-ready plant that does not slaughter cattle. Tyson also...
The Bureau of Labor Statistics (BLS) released the Consumer Price Index (CPI) on Wednesday. In July, the CPI rose 0.1 percent, seasonally adjusted, and rose 3.4 percent over the last 12 months, not seasonally adjusted. The index for all items less food and energy, or the “core” infla...
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.
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