Suicidal Tariffs President Trump irrationally announced that he would impose 5 percent tariffs on goods from Mexico in less than two weeks and take them to 25 percent by October if Mexico City fails to stem the tide of illegal migration. Its irrationality is attested to by the reaction of the markets. Mexico is sending a delegation to Washington to discuss the matter, but it is a lose-lose proposition for several reasons:
Mexico will simply retaliate in kind, ensuring that it is equally painful on both sides of the border. Democrats can’t complain about his getting tough on China, but they oppose Mr. Trump on immigration and will have a heyday over the new tariffs. Mexico can doubly retaliate by not only issuing its own tariffs...
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...
