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feed-grains soy-oilseeds wheat

Summary of Futures

Mar 21 Corn closed at $5.3425/bushel, up $0.0975 from yesterday's close.  Mar 21 Wheat closed at $6.7/bushel, up $0.095 from yesterday's close.  Mar 21 Soybeans closed at $14.305/bushel, up $0.2425 from yesterday's close.  Mar 21 Soymeal closed at $464.9/short ton, up $7.8 from yesterday's close.  Mar 21 Soyoil closed at 43.11 cents/lb up 0.93 cents from yesterday's close.  Feb 21 Live Cattle closed at $112.075/cwt down $0.175 from yesterday's close.  Mar 21 Feeder Cattle closed at $133.375/cwt down $0.95 from yesterday's close.  Feb 21 Lean Hogs closed at $66.3/cwt down $0.55 from yesterday's close.  Feb 21 WTI Crude Oil closed at $53.63/barrel up $0.72 from yesterday's close.   ...

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Today, USDA released its quarterly Hogs and Pigs report for the December through February quarter. The total inventory of hogs and pigs on 1 March was 74.6 million head, which was 101 percent of March 2023 and the highest since 2020. That was slightly higher than pre-report expectations. Total...

Good Friday

Tomorrow, 29 March is a holiday for the CBOT/CME markets in observance of Good Friday. Please note that our office will also be closed. The next Ag Perspectives will be published Monday, 1 April. ...

feed-grains soy-oilseeds wheat

Market Commentary: Wow, Some Fun Information!

USDA’s much anticipated Prospective Plantings and Quarterly Stocks reports had few shockers, but they did shuffle the board a bit. First, the top line stuff: Corn Planted area was expected to drop due to higher input costs and lower prices, but USDA’s 90-million-acre number was at t...

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Livestock Roundup: Hogs and Pigs Report Neutral with Bearish Undertones

Today, USDA released its quarterly Hogs and Pigs report for the December through February quarter. The total inventory of hogs and pigs on 1 March was 74.6 million head, which was 101 percent of March 2023 and the highest since 2020. That was slightly higher than pre-report expectations. Total...

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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.

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