Dec 21 Corn closed at $5.225/bushel, down $0.105 from yesterday's close. Dec 21 Wheat closed at $7.34/bushel, up $0.0225 from yesterday's close. Nov 21 Soybeans closed at $11.9825/bushel, down $0.3 from yesterday's close. Dec 21 Soymeal closed at $313/short ton, down $4.1 from yesterday's close. Dec 21 Soyoil closed at 58.85 cents/lb down 1.66 cents from yesterday's close. Dec 21 Live Cattle closed at $129.25/cwt down $0.925 from yesterday's close. Nov 21 Feeder Cattle closed at $161.8/cwt up $0.075 from yesterday's close. Dec 21 Lean Hogs closed at $78.175/cwt down $2 from yesterday's close. Nov 21 WTI Crude Oil closed at $80.64/barrel up $0.12 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.