Jul 19 Corn closed at $4.4225/bushel, down $0.0775 from yesterday's close. Jul 19 Wheat closed at $5.26/bushel, down $0.005 from yesterday's close. Jul 19 Soybeans closed at $9.0275/bushel, down $0.1275 from yesterday's close. Jul 19 Soymeal closed at $315.6/short ton, down $7.4 from yesterday's close. Jul 19 Soyoil closed at 28.44 cents/lb down 0.15 cents from yesterday's close. Aug 19 Live Cattle closed at $102.225/cwt down $1.725 from yesterday's close. Aug 19 Feeder Cattle closed at $133.675/cwt down $1.025 from yesterday's close. Aug 19 Lean Hogs closed at $77.9/cwt down $3 from yesterday's close. Aug 19 WTI Crude Oil closed at $57.54/barrel up $0.47 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.