Jul 20 Corn closed at $3.2/bushel, up $0.055 from yesterday's close. Jul 20 Wheat closed at $5.2425/bushel, up $0.0775 from yesterday's close. Jul 20 Soybeans closed at $8.5525/bushel, up $0.1775 from yesterday's close. Jul 20 Soymeal closed at $295.1/short ton, up $6.5 from yesterday's close. Jul 20 Soyoil closed at 26.6 cents/lb up 0.43 cents from yesterday's close. Jun 20 Live Cattle closed at $85.95/cwt up $1.675 from yesterday's close. Aug 20 Feeder Cattle closed at $126.5/cwt down $1.95 from yesterday's close. Jun 20 Lean Hogs closed at $58.95/cwt up $3.425 from yesterday's close. Jun 20 WTI Crude Oil closed at $19.01/barrel up $3.95 from yesterday's close. ...
Key Takeaways: Dry bulk markets remain mixed with Capesize vessels seeing continued pressure from weaker demand while fixtures and rate strength gradually increases towards the smaller vessel classes. Tanker markets are pulling back from their recent highs as tonnage moves out of the Mid...
The Trump import plan for 300,000 MT of beef supplies used for ground beef, i.e., lean trim, from September through November has, according to Secretary Brooke Rollins, brought some relief to beef prices. The Executive Order states that the Secretary of Agriculture will analyze and review the m...
Key Takeaways: Texas illustrates the assumptions underlying the 2025 FMMO reform; Idaho exposes their limitations. The Southwest order blend (roughly 27 percent Class I, 32 percent Class III and 31 percent Class IV) exposes Texas producers to every lever USDA adjusted, with a near-neutral proj...
From WPI Consulting
Weighing in on strategic realignment
WPI’s team was retained by the governing board of a U.S. industry organization to review a decision, reached by vote, to invest significant assets into the development and management of an export trading company. WPI’s team conducted a formal review of this decision and concluded that the current level of market saturation would limit the benefits of the investment. Based on WPI’s analysis and recommended actions, the board subsequently reversed its decision and undertook a strategic planning effort to identify more impactful investments. On behalf of numerous clients, WPI has not only assisted in identifying strategic paths but also advised their implementation.