CORN May 2021 ($/bu) $5.4900 WHEAT May 2021 ($/bu) $6.2725 HARD RED WINTER WHEAT May 2021 $5.7825 HARD RED SPRING WHEAT May 2021 $6.2600 SOYBEANS May 2021 ($/bu) $14.1750 SOYBEAN MEAL May 2021 ($/short ton) $396.60 SOYBEAN OIL May 2021 (cents/lb) 56.37 LIVE CATTLE June 2021 ($/cwt) $118.68 FEEDER CATTLE May 2021 ($/cwt) $145.10 LEAN HOGS June 2021 ($/cwt) $100.60 CRUDE OIL May 2021 ($/barrel) $61.56 RBOB GASOLINE May 2021 ($/gal) $1.9584 ETHANOL April 2021 ($/gal) $1.799 NEW YORK HARBOR ULSD May 2021 $1.8303 NATURAL GAS April 2021 ($/MMBtu) $2.582 DOW JONES 30 INDUSTRIALS 32,731 US DOLLAR INDEX June 2021 91.741 ...
What You Need to Know Today: Commodities were mostly lower across the board today after yesterday’s Federal Reserve meeting hinted at a potential interest rate hike later in 2026. The dollar index reached its highest level in over a year, and a strong dollar makes U.S. agricultural expor...
Tomorrow is the Juneteenth federal holiday, and the USDA, along with the rest of the federal government and the CME, will be closed, so the monthly Cattle on Feed report was released a day early. The total number of cattle on feed in feedlots with 1,000 head or more capacity on 1 June amounted...
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.