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 of those losses. The September jobs report came in weaker than expected, with the U.S. adding just 29,000 jobs versus roughly 90,000 expected. The unemployment rate edged up to 4.2 percent from 4.1 percent, while July and August payrolls were revised down by a combined 60,000 jobs. Soybean demand has lost some momentum, with only one relatively small flash sale reported this week and Chinese buying slowing from the stronger pace seen earlier. The lack...
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...
WPI Grain Prices and Freight Rate App Note: you can also visit the app directly by clicking here. Supplemental Information The section below offers a concise view of the options available in the current version of the WPI FOB Price and Freight Rate app, along with a short “How To”...
