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feed-grains soy-oilseeds wheat

Summary of Futures

Dec 18 Corn closed at $3.525/bushel, down $0.1425 from yesterday's close.  Dec 18 Wheat closed at $5.0675/bushel, down $0.12 from yesterday's close.  Nov 18 Soybeans closed at $8.4/bushel, up $0.0825 from yesterday's close.  Dec 18 Soymeal closed at $318.4/short ton, up $2.2 from yesterday's close.  Dec 18 Soyoil closed at 27.99 cents/lb down 0.09 cents from yesterday's close.  Oct 18 Live Cattle closed at $111.475/cwt up $2.175 from yesterday's close.  Oct 18 Feeder Cattle closed at $155.025/cwt up $2.575 from yesterday's close.  Oct 18 Lean Hogs closed at $55.8/cwt up $1.325 from yesterday's close.  Oct 18 WTI Crude Oil closed at $70.22/barrel up $0.97 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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