Dec 22 Corn closed at $6.835/bushel, down $0.0625 from yesterday's close. Dec 22 Wheat closed at $8.61/bushel, up $0.0125 from yesterday's close. Nov 22 Soybeans closed at $13.8525/bushel, up $0.015 from yesterday's close. Dec 22 Soymeal closed at $411/short ton, down $0.1 from yesterday's close. Dec 22 Soyoil closed at 66.84 cents/lb up 1.54 cents from yesterday's close. Dec 22 Live Cattle closed at $149.2/cwt up $1.425 from yesterday's close. Nov 22 Feeder Cattle closed at $176.4/cwt up $1.625 from yesterday's close. Dec 22 Lean Hogs closed at $84.95/cwt up $2.7 from yesterday's close. Nov 22 WTI Crude Oil closed at $85.4/barrel down $0.21 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.