What You Need to Know Today:
Early Tuesday, the U.S. Energy Secretary said vessel traffic through the Strait of Hormuz is rising in a “very meaningful way.” Tuesday afternoon, however, President Trump said Iran shot down a U.S. helicopter while it was patrolling the Strait of Hormuz and vowed to retaliate for the attack during a ceasefire. An active weather pattern is bringing frequent rains across the key U.S. growing areas. There were no surprises in the weekly Crop Progress and Conditions reports on Monday, with the winter wheat harvest advancing normally and no signs of trouble for spring crops. Five New World screwworm cases have now been detected and reported in the U.S., including in a goat and a dog.
The Big Picture: T...
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...
