The federal government's revenues are outpacing its outlays compared with 2014. This and other positive economic factors have strengthened the U.S. dollar, which is a drag on commodity prices.There is much to be read in the economic tea leaves lately that points to a strong U.S. economic recovery. First of all, total receipts for the federal government are up for the first 10 months of the fiscal year. The reasons for this are:
Income tax withholding was up 6 percent or $100 billion, most likely from gains in wages and salaries. Non-withheld tax receipts were up 16 percent or $71 billion, reflecting growth in non-wage income such as that of entrepreneurs. Corporate income taxes increased by 9 percent or $22 billion as a result of highe...
What You Need to Know Today: Chinese purchases of U.S. soybeans continued to accelerate, with USDA reporting another 558 KMT sold to China and 236 KMT to unknown destinations. Combined with sales announced Wednesday and Thursday, the latest purchases bring the three-day total to approximately...
Key Takeaways: With the fall calf run now upon us, producers are finally getting a glimpse of what their realized profits will be for 2026. Some producers may have already obtained a strong estimate of 2026 revenues, especially if calves were forward sold in, for example, the mid-summer...
As fall begins, wild migratory birds are starting their seasonal migration. That has the industry and government officials worried about the potential spread, again, of highly pathogenic avian influenza (HPAI). Some members of Congress have called for the United States to be prepared for a pote...
