Dec 24 Corn closed at $4.2675/bushel, down $0.035 from yesterday's close. Mar 25 Wheat closed at $5.695/bushel, down $0.0275 from yesterday's close. Jan 25 Soybeans closed at $9.7775/bushel, down $0.1275 from yesterday's close. Dec 24 Soymeal closed at $287.7/short ton, down $1.7 from yesterday's close. Jan 25 Soyoil closed at 42.28 cents/lb down 1.08 cents from yesterday's close. Feb 25 Live Cattle closed at $187.425/cwt down $0.5 from yesterday's close. Jan 25 Feeder Cattle closed at $253.45/cwt up $1.125 from yesterday's close. Feb 25 Lean Hogs closed at $84.65/cwt up $0.175 from yesterday's close. Jan 25 WTI Crude Oil closed at $70.23/barrel up $1.48 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.