A number of economic reports for June were released last Thursday, and the news is now full of debate about whether these new statistical indicators are good news, bad news or somewhere in between.A number of economic reports for June were released last Thursday that addressed unemployment, non-farm payrolls, manufacturing payrolls, average hourly earnings and average weekly hours for workers. Below is a rundown:
Payroll jobs rose to 288,000 in June. Private sector jobs were up 262,000, reaching 52 consecutive months of gains. They totaled 1.33 million for January-June, the most job growth in the first six months of any year since 1998. The unemployment rate fell to 6.1 percent in June, down from 7.5 percent a year ago. The median durat...
What You Need to Know Today: The corn and soybean markets closed slightly higher in low-volume trade. The wheat market was mixed, with HRW continuing its downward trek on improved moisture. As expected, the bearish cattle on feed report drove down cattle prices and pulled hogs down with it. Mi...
USDA’s monthly cattle on feed report was released today. The total number of cattle on feed in feedlots with 1,000 head or more capacity amounted to 11.6 million head, 102 percent of last year. Source: USDA, WPI Placements were up, but part of that is attributable to persistent drought c...
Let’s return briefly to the fake meat hype cycle, now sitting somewhere in a dusty corner of your mind, not entirely forgotten. What happened to all those products, known as plant-based alternative proteins? They were supposed to be as good as real meat—cheaper, more environmentally...
