Dec 22 Corn closed at $6.6325/bushel, up $0.065 from yesterday's close. Mar 23 Wheat closed at $8.135/bushel, up $0.03 from yesterday's close. Jan 23 Soybeans closed at $14.36/bushel, up $0.0625 from yesterday's close. Dec 22 Soymeal closed at $409.7/short ton, up $1.1 from yesterday's close. Jan 23 Soyoil closed at 72.2 cents/lb up 0.76 cents from yesterday's close. Feb 23 Live Cattle closed at $155.425/cwt down $1 from yesterday's close. Jan 23 Feeder Cattle closed at $179.25/cwt down $2.425 from yesterday's close. Feb 23 Lean Hogs closed at $88.8/cwt down $1.275 from yesterday's close. Jan 23 WTI Crude Oil closed at $77.43/barrel down $3.52 from yesterday's close. ...
What You Need to Know Today: Russia rejected calls for a ceasefire in the Black Sea, including a proposal to halt attacks on civilian shipping that could help restore grain flows from Ukrainian ports. Tyson Foods announced plans to permanently close its Joslin, Illinois, beef processing facili...
The big news in the cattle markets yesterday was Tyson Foods’ move to close two more beef plants. One of them, the Joslin, Illinois, plant was shuttered immediately after the announcement. The other, in Eagle Mountain, Utah, is a case-ready plant that does not slaughter cattle. Tyson also...
The Bureau of Labor Statistics (BLS) released the Consumer Price Index (CPI) on Wednesday. In July, the CPI rose 0.1 percent, seasonally adjusted, and rose 3.4 percent over the last 12 months, not seasonally adjusted. The index for all items less food and energy, or the “core” infla...
From WPI Consulting
Infrastructure investment due diligence
On behalf of a Canadian oilseed processer WPI's team provided market analysis, econometric modeling and financial due diligence in support of a $24 million-dollar investment in a Ukrainian crush plant. Consistent with WPI's findings, local production to supply the plant and the facility's output have expanded exponentially since the investment. WPI has conducted parallel work on behalf of U.S., South American and European clients, both private and public, in the agri-food space.