Jul 26 Corn closed at $4.1875/bushel, up $0.0125 from yesterday's close. Jul 26 Wheat closed at $5.8325/bushel, up $0.0325 from yesterday's close. Jul 26 Soybeans closed at $11.1575/bushel, down $0.0575 from yesterday's close. Jul 26 Soymeal closed at $302.7/short ton, down $5.8 from yesterday's close. Jul 26 Soyoil closed at 74.56 cents/lb up 0.44 cents from yesterday's close. Aug 26 Live Cattle closed at $236.725/cwt down $4.925 from yesterday's close. Aug 26 Feeder Cattle closed at $350.7/cwt down $3.2 from yesterday's close. Jul 26 Lean Hogs closed at $97.375/cwt down $1.425 from yesterday's close. Jul 26 WTI Crude Oil closed at $91.41/barrel up $0.87 from yesterday's close. ...
What You Need to Know Today: Oil prices surged today following reports of tanker attacks off the coast of Saudi Arabia by Houthi rebels and renewed U.S. threats to escalate military strikes against Iran, heightening concerns over potential disruptions to Middle East energy supplies. Brent crud...
Key Takeaways: The latest UN data shows solid progress reducing global hunger and food insecurity. The geography of hunger-affected people has shifted substantially, however, and Africa is now the most affected region. To understand why hunger patterns have shifted and what policy option...
USDA’s monthly cattle on feed report for 1 July will be released tomorrow. Analysts’ pre-report consensus estimates are for the total inventory on feed to be 102.2 percent of last year. Those estimates imply an on-feed inventory of 11.327 million head. If accurate, that would be the...
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.