Dec 22 Corn closed at $6.0625/bushel, up $0.1 from yesterday's close. Sep 22 Wheat closed at $7.825/bushel, up $0.1875 from yesterday's close. Nov 22 Soybeans closed at $14.1775/bushel, up $0.48 from yesterday's close. Dec 22 Soymeal closed at $420.7/short ton, up $22.6 from yesterday's close. Dec 22 Soyoil closed at 61.42 cents/lb up 0.42 cents from yesterday's close. Oct 22 Live Cattle closed at $143.65/cwt down $0.3 from yesterday's close. Sep 22 Feeder Cattle closed at $182.575/cwt down $0.325 from yesterday's close. Oct 22 Lean Hogs closed at $97.6/cwt up $1.75 from yesterday's close. Sep 22 WTI Crude Oil closed at $88.08/barrel down $2.58 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.