What You Need to Know Today:
The June WASDE report was largely in line with expectations, with no major market-altering changes to the balance sheets. The Producer Price Index rose by 1.1 percent month-over-month in May 2026, exceeding economist estimates of a 0.7 percent rise. The annual headline inflation rate was 6.5 percent, the highest since November 2022. Excluding food and energy, the PPI rose by 0.4 percent, less than economist expectations of 0.5 percent. This suggests that higher energy prices were the main culprit for the higher-than-expected increases. This morning, President Trump threatened to seize Iran’s oil infrastructure, including its main export terminal, Kharg Island. Hours later, President Trump said he had call...
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...
