Dec 19 Corn closed at $3.61/bushel, down $0.0875 from yesterday's close. Dec 19 Wheat closed at $4.535/bushel, down $0.09 from yesterday's close. Nov 19 Soybeans closed at $8.685/bushel, down $0.005 from yesterday's close. Dec 19 Soymeal closed at $294.1/short ton, down $1.2 from yesterday's close. Dec 19 Soyoil closed at 29.09 cents/lb up 0.28 cents from yesterday's close. Oct 19 Live Cattle closed at $99.275/cwt up $0.35 from yesterday's close. Oct 19 Feeder Cattle closed at $132.1/cwt up $1.3 from yesterday's close. Oct 19 Lean Hogs closed at $66.525/cwt up $3 from yesterday's close. Oct 19 WTI Crude Oil closed at $53.94/barrel down $1.16 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.