May 26 Corn closed at $4.6725/bushel, up $0.0475 from yesterday's close. May 26 Wheat closed at $5.9775/bushel, up $0.0775 from yesterday's close. May 26 Soybeans closed at $11.7175/bushel, up $0.1675 from yesterday's close. May 26 Soymeal closed at $319.8/short ton, down $2.6 from yesterday's close. May 26 Soyoil closed at 67.1 cents/lb up 1.37 cents from yesterday's close. Jun 26 Live Cattle closed at $233.85/cwt down $0.75 from yesterday's close. Apr 26 Feeder Cattle closed at $353.35/cwt down $1.1 from yesterday's close. Jun 26 Lean Hogs closed at $104.125/cwt up $0.075 from yesterday's close. May 26 WTI Crude Oil closed at $91.1/barrel down $1.25 from yesterday's close. ...
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If the media headlines and Trump critics are to be believed, President Trump is headed to Beijing this Thursday in a weakened position. China is in control, it has the upper hand, and expectations are very low. These are the same critics that argue against overly simplistic zero-sum analyses in...
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.