Dec 24 Corn closed at $4.285/bushel, down $0.015 from yesterday's close. Dec 24 Wheat closed at $5.5225/bushel, down $0.1325 from yesterday's close. Jan 25 Soybeans closed at $10.105/bushel, down $0.1175 from yesterday's close. Dec 24 Soymeal closed at $292.9/short ton, down $2.2 from yesterday's close. Dec 24 Soyoil closed at 46.23 cents/lb down 1.91 cents from yesterday's close. Dec 24 Live Cattle closed at $184.4/cwt up $0.7 from yesterday's close. Jan 25 Feeder Cattle closed at $243.575/cwt up $1.325 from yesterday's close. Dec 24 Lean Hogs closed at $82.35/cwt up $0.575 from yesterday's close. Dec 24 WTI Crude Oil closed at $68.07/barrel up $0.03 from yesterday's close. ...
Key Market Insights The broad market is locked in on this week’s Trump-Xi meeting in Beijing, but this is no longer just a trade summit. Increasingly, the meeting is becoming tied directly to Iran, energy security, and the growing global economic fallout from disruptions through the Strai...
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.