May 19 Corn closed at $3.7725/bushel, down $0.025 from yesterday's close. May 19 Wheat closed at $4.6925/bushel, down $0.0025 from yesterday's close. May 19 Soybeans closed at $9.0075/bushel, down $0.0575 from yesterday's close. May 19 Soymeal closed at $311/short ton, down $4.1 from yesterday's close. May 19 Soyoil closed at 28.65 cents/lb down 0.17 cents from yesterday's close. Jun 19 Live Cattle closed at $120.725/cwt down $0.4 from yesterday's close. May 19 Feeder Cattle closed at $149.8/cwt down $0.9 from yesterday's close. Jun 19 Lean Hogs closed at $95.325/cwt down $0.225 from yesterday's close. May 19 WTI Crude Oil closed at $60/barrel up $1.18 from yesterday's close. &n...
What You Need to Know Today: Brazilian President Luiz Inácio Lula da Silva secured reelection on Sunday, defeating right-wing Senator Flávio Bolsonaro despite trailing in the first round of voting. The surprise victory triggered a sharp selloff in Brazilian financial market...
The 2026 midterm elections are a week from tomorrow, but early voting has been taking place for weeks. At stake is control of Congress, including the House of Representatives, where all 435 seats are contested, and the Senate, where approximately one-third of the seats are up for election. Farm...
Key Takeaways: Total U.S. crop acres (excluding hay) are forecast to expand fractionally this year due to greater oilseed crop and winter wheat plantings. One of the key drivers of this year’s crop outlook is input costs, and crops with a lower cost profile have an advantage in producers...
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.