May 26 Corn closed at $4.5425/bushel, down $0.035 from yesterday's close. May 26 Wheat closed at $5.975/bushel, down $0.1875 from yesterday's close. May 26 Soybeans closed at $11.685/bushel, down $0.025 from yesterday's close. May 26 Soymeal closed at $318.2/short ton, up $1.8 from yesterday's close. May 26 Soyoil closed at 67.11 cents/lb down 1.77 cents from yesterday's close. Jun 26 Live Cattle closed at $244.35/cwt up $1.075 from yesterday's close. May 26 Feeder Cattle closed at $368/cwt up $1.525 from yesterday's close. Jun 26 Lean Hogs closed at $105.175/cwt up $0.125 from yesterday's close. May 26 WTI Crude Oil closed at $99.64/barrel down $1.74 from yesterday's close. ...
What You Need to Know Today: Grain futures fell hard overnight after the USDA’s Crop Conditions report showed better-than-expected ratings for corn and soybeans, despite difficult weather last week. The Conditions report was even more bearish in light of meaningfully beneficial rains acr...
Key Takeaways: New Mexico’s Clean Transportation Fuel Program expands demand for low-carbon fuels and creates another market for renewable feedstocks, adding incremental pressure to already limited supplies of lower-carbon inputs. Growing competition for waste-based feedstocks such as an...
As WPI reported on 17 July, the recently passed budget reconciliation bill in the House Budget Committee includes $12 billion in emergency farm assistance. This would be the seventh of the past nine years with ad hoc farm payments (FY2018, FY2019, FY2020, FY2022, FY2023, FY2024, and potentially...
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.