Jul 22 Corn closed at $7.425/bushel, up $0.155 from yesterday's close. Jul 22 Wheat closed at $10.93/bushel, up $0.53 from yesterday's close. Jul 22 Soybeans closed at $16.9925/bushel, up $0.015 from yesterday's close. Jul 22 Soymeal closed at $407.1/short ton, down $0.8 from yesterday's close. Jul 22 Soyoil closed at 81.19 cents/lb down 0.66 cents from yesterday's close. Aug 22 Live Cattle closed at $132.9/cwt down $0.95 from yesterday's close. Aug 22 Feeder Cattle closed at $171.975/cwt down $1.9 from yesterday's close. Jul 22 Lean Hogs closed at $108.975/cwt down $1.775 from yesterday's close. Jul 22 WTI Crude Oil closed at $118.33/barrel down $0.54 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.