World Perspectives
feed-grains soy-oilseeds wheat

Summary of Futures

Dec 18 Corn closed at $3.4325/bushel, down $0.0475 from yesterday's close.  Dec 18 Wheat closed at $5.105/bushel, up $0.0425 from yesterday's close.  Nov 18 Soybeans closed at $8.14/bushel, down $0.095 from yesterday's close.  Dec 18 Soymeal closed at $303.3/short ton, down $2.4 from yesterday's close.  Dec 18 Soyoil closed at 27.37 cents/lb down 0.33 cents from yesterday's close.  Oct 18 Live Cattle closed at $113.225/cwt down $0.2 from yesterday's close.  Oct 18 Feeder Cattle closed at $158.025/cwt down $1.15 from yesterday's close.  Oct 18 Lean Hogs closed at $59.175/cwt up $2.725 from yesterday's close.  Oct 18 WTI Crude Oil closed at $69.84/barrel up $0.93 from yesterday's close.  &...

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Cattle on Feed at Record Level for April

USDA released its monthly Cattle on Feed (COF) report today after the market close, and it showed inventory below market expectations, a bullish factor. However, the more significant potential bull market driver is the gap between expected and actual placements. That is only part of the story,...

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Cattle on Feed

United States Cattle on Feed Up 2 Percent: Cattle and calves on feed for the slaughter market in the United States for feedlots with capacity of 1,000 or more head totaled 11.8 million head on May 1, 2019. The inventory was 2 percent above May 1, 2018. This is the highest Ma...

Trouble Before the War; Counterintuitive Uncertainty Benefits

Trouble Before the War Ohio State University Professor Ian Sheldon laments that even if the U.S. and China reach a trade agreement, it will take many years to undo the damage from the trade war. He is correct, but it is also true that China was doing American agriculture fewer favors before the...

livestock

Cattle on Feed at Record Level for April

USDA released its monthly Cattle on Feed (COF) report today after the market close, and it showed inventory below market expectations, a bullish factor. However, the more significant potential bull market driver is the gap between expected and actual placements. That is only part of the story,...

livestock

Cattle on Feed

United States Cattle on Feed Up 2 Percent: Cattle and calves on feed for the slaughter market in the United States for feedlots with capacity of 1,000 or more head totaled 11.8 million head on May 1, 2019. The inventory was 2 percent above May 1, 2018. This is the highest Ma...

Trouble Before the War; Counterintuitive Uncertainty Benefits

Trouble Before the War Ohio State University Professor Ian Sheldon laments that even if the U.S. and China reach a trade agreement, it will take many years to undo the damage from the trade war. He is correct, but it is also true that China was doing American agriculture fewer favors before the...

feed-grains soy-oilseeds wheat

Summary of Futures

Jul 19 Corn closed at $4.0425/bushel, up $0.145 from yesterday's close.  Jul 19 Wheat closed at $4.895/bushel, up $0.1925 from yesterday's close.  Jul 19 Soybeans closed at $8.2975/bushel, up $0.0825 from yesterday's close.  Jul 19 Soymeal closed at $300.5/short ton, up $3.3 from...

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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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