World Perspectives
feed-grains wheat soy-oilseeds

Summary of Futures

May 23 Corn closed at $6.3275/bushel, up $0.0625 from yesterday's close.  May 23 Wheat closed at $6.99/bushel, down $0.0375 from yesterday's close.  May 23 Soybeans closed at $14.915/bushel, up $0.0225 from yesterday's close.  May 23 Soymeal closed at $474/short ton, down $4.4 from yesterday's close.  May 23 Soyoil closed at 57.73 cents/lb up 1.39 cents from yesterday's close.  Apr 23 Live Cattle closed at $162.35/cwt up $0.8 from yesterday's close.  Apr 23 Feeder Cattle closed at $195.15/cwt up $1.9 from yesterday's close.  Apr 23 Lean Hogs closed at $79.45/cwt down $4.3 from yesterday's close.  Apr 23 WTI Crude Oil closed at $68.34/barrel up $0.73 from yesterday's close.   ...

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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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