World Perspectives
feed-grains soy-oilseeds wheat

Summary of Futures

Jul 24 Corn closed at $4.58/bushel, down $0.025 from yesterday's close.  Jul 24 Wheat closed at $6.975/bushel, up $0.0875 from yesterday's close.  Jul 24 Soybeans closed at $12.3625/bushel, down $0.1175 from yesterday's close.  Jul 24 Soymeal closed at $372.3/short ton, down $1.8 from yesterday's close.  Jul 24 Soyoil closed at 45.81 cents/lb down 0.51 cents from yesterday's close.  Aug 24 Live Cattle closed at $180.425/cwt up $1.875 from yesterday's close.  Aug 24 Feeder Cattle closed at $259.825/cwt up $1.35 from yesterday's close.  Jun 24 Lean Hogs closed at $96.4/cwt down $0.525 from yesterday's close.  Jul 24 WTI Crude Oil closed at $78.25/barrel down $1.05 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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