Jul 19 Corn closed at $3.8325/bushel, up $0.0425 from yesterday's close. Jul 19 Wheat closed at $4.65/bushel, down $0.02 from yesterday's close. Jul 19 Soybeans closed at $8.2175/bushel, down $0.18 from yesterday's close. Jul 19 Soymeal closed at $294.3/short ton, down $7.6 from yesterday's close. Jul 19 Soyoil closed at 27.22 cents/lb down 0.5 cents from yesterday's close. Jun 19 Live Cattle closed at $111.275/cwt up $0.8 from yesterday's close. Aug 19 Feeder Cattle closed at $145.5/cwt up $2.175 from yesterday's close. Jun 19 Lean Hogs closed at $92.375/cwt up $0.15 from yesterday's close. Jun 19 WTI Crude Oil closed at $62.74/barrel down $0.13 from yesterday's close. ...
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.