SPREADS Oct. crush trades at 1.09c/bu while oilshare trends down to 32.58 percent. Meal steady against falling soyoil today. The Dec 2019/20 corn inverse trades at 36 3/4c, from 34 3/4c. Dec/March corn is back out to 12 1/4c from 12c. Nov/Jan beans trades from 13 1/2c to 14c while Dec/March meal trades into $3.80 from $4.20, closing at $4.20. Dec wheat/corn trades from tight at 1.01 1/4 to 1.01 1/2c. PALM OIL October closes up 4 ringgits NEWS Stocks were higher during the night session but did not react well to China's announcements for retaliatory tariffs, dropping 150 pts. Currently the Dow is off 114 pts. Crude breaks as well trading down to $53.40/barrel from $55.60/barrel. The US dol...
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
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.