Treasury securities are one of the safest investments in times of economic chaos. Proof of that in the havoc over the present trade disputes may be the current flattening of the yield curve in bonds. With last year’s tax cut bill and the effective moratorium on new regulations, the economy has been solid (to put it mildly). Consider the following:
Corporate profits reported at the end of June (with the GDP growth rate) were a record $1.92 trillion on an annualized basis, up more than 16 percent versus last year. Truck tonnage, which reflects the amount of freight of manufactured goods and goods destined for retail sale, was up 9.5 percent from May 2017 to April 2018. Intermodal rail shipments through the first five months of the...
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...
