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: The corn and soybean markets closed slightly higher in low-volume trade. The wheat market was mixed, with HRW continuing its downward trek on improved moisture. As expected, the bearish cattle on feed report drove down cattle prices and pulled hogs down with it. Mi...
Monday, 25 May is a U.S. holiday, and both the markets and our office will be closed. Please note that the next issue of Ag Perspectives will be published on Tuesday, 26 May. The WPI staff wishes everyone a safe and enjoyable holiday weekend...
USDA’s monthly cattle on feed report was released today. The total number of cattle on feed in feedlots with 1,000 head or more capacity amounted to 11.6 million head, 102 percent of last year. Source: USDA, WPI Placements were up, but part of that is attributable to persistent drought c...
