The short-term snapshot paints a rosy scenario for the federal budget with a lowered deficit, growing economy and strong revenues. However, if the current policies in place were frozen into the future, the scenario doesn't look quite as promising.
Today is the last day of FY 2014. The government is funded for the first part of FY 2015, which starts tomorrow, via a continuing resolution (CR) that will extend into December when a lame duck session of Congress will make another necessary extension. According to the Congressional Budget Office (CBO), the federal budget deficit will total $506 billion, approximately $170 billion lower than it was in 2013. That is higher than the estimate in April of this year that pegged it at $492 billion. T...
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...
Monday, 25 May is a U.S. holiday, and both the markets and our office will be closed. Please note that the next issue of Ag Perspectives will be published on Tuesday, 26 May. The WPI staff wishes everyone a safe and enjoyable holiday weekend...
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...
