What You Need to Know Today:
Commodities were mostly lower across the board today after yesterday’s Federal Reserve meeting hinted at a potential interest rate hike later in 2026. The dollar index reached its highest level in over a year, and a strong dollar makes U.S. agricultural exports less competitive. The 14-point Memorandum of Understanding between the U.S. and Iran prioritizes short-term de-escalation over a long-term strategic resolution. The key for the economy is that the Strait of Hormuz will be open to commerce, but other terms of the agreement appear favorable for Iran as negotiations over Iran’s nuclear capabilities were pushed into the future and sanctions will be removed. Old crop soybean export sales doubled f...
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...
