Jul 22 Corn closed at $7.7875/bushel, down $0.045 from yesterday's close. Jul 22 Wheat closed at $11.6875/bushel, down $0.3175 from yesterday's close. Jul 22 Soybeans closed at $17.0525/bushel, up $0.1475 from yesterday's close. Jul 22 Soymeal closed at $429.9/short ton, up $4.6 from yesterday's close. Jul 22 Soyoil closed at 80.93 cents/lb up 1.4 cents from yesterday's close. Aug 22 Live Cattle closed at $131.55/cwt down $0.475 from yesterday's close. Aug 22 Feeder Cattle closed at $163.925/cwt down $1.275 from yesterday's close. Jul 22 Lean Hogs closed at $109/cwt up $2.025 from yesterday's close. Jul 22 WTI Crude Oil closed at $110.6/barrel up $0.71 from yesterday's close. &n...
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.