What You Need to Know Today:
The cattle market rebounded sharply this week, with January feeder cattle futures gaining $16.98/cwt and February live cattle futures advancing $7.60/cwt since last Friday. Tyson Foods' plans to restore a second processing shift at its Amarillo, Texas, facility have improved expectations for future packer demand, although historically tight cattle supplies remain a constraint. Global vegetable oil supplies face growing uncertainty as Russian attacks have forced Ukraine's largest sunflower oil producer, Kernel, to suspend operations at eight processing plants, while developing El Niño conditions threaten to reduce Indonesian palm oil production by as much as 3 MMT in 2027. The U.S. Producer Price In...
Tuesday’s CPI report from the Bureau of Labor Statistics (BLS) showed inflation roaring back stronger than expected in October. That probably locks in another rate hike – which was expected anyway – at the Federal Open Market Committee (FOMC) meeting in December. Consumer pric...
Key Takeaways: The rationale for farm programs has changed significantly from their original intentions. Farmers’ incomes have grown sharply and have surpassed non-farm incomes beginning in the 1970s. Current farm programs are complex and focus on supporting risk management, environmenta...
