Jul 20 Corn closed at $3.2975/bushel, up $0.035 from yesterday's close. Jul 20 Wheat closed at $4.9925/bushel, down $0.07 from yesterday's close. Jul 20 Soybeans closed at $8.66/bushel, up $0.005 from yesterday's close. Jul 20 Soymeal closed at $289.7/short ton, up $0.9 from yesterday's close. Jul 20 Soyoil closed at 27.5 cents/lb down 0.5 cents from yesterday's close. Aug 20 Live Cattle closed at $96.45/cwt down $0.05 from yesterday's close. Aug 20 Feeder Cattle closed at $132.175/cwt down $0.5 from yesterday's close. Jul 20 Lean Hogs closed at $52.125/cwt down $0.675 from yesterday's close. Jul 20 WTI Crude Oil closed at $36.08/barrel down $3.52 from yesterday's close. ...
What You Need to Know Today: Commodities were mostly lower across the board today after yesterday’s Federal Reserve meeting hinted at a potential interest rate hike later in 2026. The dollar index reached its highest level in over a year, and a strong dollar makes U.S. agricultural expor...
Tomorrow is the Juneteenth federal holiday, and the USDA, along with the rest of the federal government and the CME, will be closed, so the monthly Cattle on Feed report was released a day early. The total number of cattle on feed in feedlots with 1,000 head or more capacity on 1 June amounted...
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.