Dec 21 Corn closed at $5.73/bushel, down $0.0225 from yesterday's close. Dec 21 Wheat closed at $8.2/bushel, down $0.0225 from yesterday's close. Jan 22 Soybeans closed at $12.6525/bushel, down $0.1175 from yesterday's close. Dec 21 Soymeal closed at $370.4/short ton, down $4.3 from yesterday's close. Dec 21 Soyoil closed at 59.17 cents/lb down 0.06 cents from yesterday's close. Feb 22 Live Cattle closed at $137.25/cwt up $0.85 from yesterday's close. Jan 22 Feeder Cattle closed at $161.375/cwt up $2.45 from yesterday's close. Dec 21 Lean Hogs closed at $75.1/cwt down $1.075 from yesterday's close. Dec 21 WTI Crude Oil closed at $78.96/barrel up $0.6 from yesterday's close. &nbs...
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.