Dec 25 Corn closed at $4.2975/bushel, down $0.07 from yesterday's close. Mar 26 Wheat closed at $5.495/bushel, down $0.095 from yesterday's close. Jan 26 Soybeans closed at $11.3625/bushel, down $0.1725 from yesterday's close. Dec 25 Soymeal closed at $318.9/short ton, down $8.1 from yesterday's close. Dec 25 Soyoil closed at 51.1 cents/lb down 1.07 cents from yesterday's close. Dec 25 Live Cattle closed at $216.3/cwt down $3.725 from yesterday's close. Jan 26 Feeder Cattle closed at $321.45/cwt down $4.6 from yesterday's close. Dec 25 Lean Hogs closed at $78.85/cwt up $0.95 from yesterday's close. Jan 26 WTI Crude Oil closed at $59.29/barrel down $1.38 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.