What You Need to Know Today:
American and Mexican officials met Tuesday and will meet again Wednesday for another round of trade talks, where ag and energy will be a key topic. Another round is scheduled for 20 July. Ag groups are urging President Trump to renew USMCA for another 16 years, but the President says he’s unhappy with the pact signed in 2020. Energy futures continued their slide with WTI futures hitting $75.52/bbl at Tuesday’s low. China’s retail sales fell 0.6 percent versus the prior year in May, the first decline since the economy emerged from the COVID-19 pandemic in 2022. The report reflected broad declines in key categories, including auto sales. There are signs that China is returning to the U.S. market...
What You Need to Know Today: The G7 agreed to release 100 million barrels of crude oil and fuel reserves over four months, with a substantial diesel release front-loaded into the first 20 days. The announcement initially pushed crude oil lower on Friday, although it later recovered a portion o...
In a recent social media post, R-CALF unveiled its latest cattle market plan: “contracts that bind producers before establishing a base price, then tie that price to future negotiated cash transactions, should be prohibited.” That proposal aligns with recent legislation by Represent...
Key Takeaways: The recent pearl-clutching from parts of the beef industry regarding the loss of the daily Kansas fed cattle negotiated trade pricing report is overwrought and ignores the fact that the direction was readily apparent. The shift away from negotiated trade has been well docu...
