Jul 26 Corn closed at $4.5575/bushel, down $0.1175 from yesterday's close. Jul 26 Wheat closed at $6.3575/bushel, down $0.2225 from yesterday's close. Jul 26 Soybeans closed at $11.77/bushel, down $0.155 from yesterday's close. Jul 26 Soymeal closed at $334.3/short ton, up $1.8 from yesterday's close. Jul 26 Soyoil closed at 73.88 cents/lb up 0.22 cents from yesterday's close. Jun 26 Live Cattle closed at $253.9/cwt up $1.825 from yesterday's close. Aug 26 Feeder Cattle closed at $361.45/cwt up $3.45 from yesterday's close. Jun 26 Lean Hogs closed at $98.75/cwt down $0.775 from yesterday's close. Jun 26 WTI Crude Oil closed at $105.65/barrel up $4.48 from yesterday's close. ...
Since the first U.S. case of New World Screwworm (NWS) was confirmed on 3 June, USDA has confirmed 12 cases. The latest was confirmed in a sheep on 12 June, with four additional cases confirmed in Texas on 11 June, three in cattle and one in a goat. The New Mexico case confirmed that the infect...
Key Takeaways: China has invested heavily in the Port of Chancay to strengthen trade links between South America and Asia. The port could reduce shipping times to China by up to two weeks and improve export competitiveness. Inland transportation infrastructure remains the primary obstacle to r...
Mediterranean/Middle East/North Africa/Africa – MEA Region Egypt Grain Situation Recap: Wheat stocks in Egypt are at good levels, with only limited import interest. However, there is some concern over the supply of wheat from the Black Sea later in the year due to current weather problem...
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.