The Bureau of Labor Statistics (BLS) released the Producer Price Index (PPI) today, the primary measure of inflation for manufacturers and producers. The PPI is different from the Consumer Price Index (CPI) in that it measures costs from the viewpoint of industries that make the products, whereas the CPI measures prices from the perspective of consumers purchasing final goods. The overall PPI was up 0.8 percent in November, which brings the 12-month increase from November 2020 through last month, to 9.6 percent. That’s the largest increase since 12-month data were first calculated in November 2010. The commodity price index grew faster than the all manufacturing index, mostly driven by energy prices.
In November, nearly two-thirds...
What You Need to Know Today: Markets got a surprise with a corn yield of 181.2 bushels/acre in the October WASDE, above the average estimate of 177.6 bushels/acre and up from USDA’s September estimate of 178.5 bushels/acre. Although stronger demand is expected to absorb some of the addit...
Key Takeaways: On Friday afternoon, President Trump announced that Russia will “immediately supply over 300,000 Tons of Diesel Fuel” to the United States. The deal, typical of this administration, is light on details but promises an additional 500,000 tons in November and 1 m...
The USDA has lowered its 2026 red meat production forecasts slightly while forecasting a slight increase in broiler production. Beef is now projected at 24.802 billion pounds, 75 million pounds less than in September. Cow slaughter is expected to be up; however, this will be offset by lower ste...
