Jul 26 Corn closed at $4.195/bushel, up $0.0075 from yesterday's close. Jul 26 Wheat closed at $5.8525/bushel, up $0.02 from yesterday's close. Jul 26 Soybeans closed at $11.1375/bushel, down $0.02 from yesterday's close. Jul 26 Soymeal closed at $301.1/short ton, down $1.6 from yesterday's close. Jul 26 Soyoil closed at 74.91 cents/lb up 0.35 cents from yesterday's close. Aug 26 Live Cattle closed at $239.7/cwt up $2.975 from yesterday's close. Aug 26 Feeder Cattle closed at $354.15/cwt up $3.45 from yesterday's close. Jul 26 Lean Hogs closed at $96.15/cwt down $1.225 from yesterday's close. Jul 26 WTI Crude Oil closed at $88.18/barrel down $3.12 from yesterday's close...
What You Need to Know Today: Early Tuesday, the U.S. Energy Secretary said vessel traffic through the Strait of Hormuz is rising in a “very meaningful way.” Tuesday afternoon, however, President Trump said Iran shot down a U.S. helicopter while it was patrolling the Strait of Hormu...
Miscellaneous Initial excitement over China’s pledges to buy American farm products has faded, as no purchases have immediately materialized. USDA Deputy Secretary Stephen Vaden said he is confident that China will meet its purchase commitments from the U.S., but market conditions and tra...
In January of this year, the House passed House Resolution 375, which established an E15 Rural Domestic Energy Council and directed the council to investigate the sale of E15, to develop legislative solutions, and to submit those solutions to Congress. E15 legislation was included in a short-te...
Key Takeaways: Early U.S. biofuel policy relied primarily on crop-based feedstocks such as corn and vegetable oils. California's LCFS increased demand for waste-derived feedstocks by rewarding fuels with lower carbon intensity scores. Supplies of used cooking oil, animal fats, and distillers c...
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.