What is most surprising, perhaps, is that the top income earners have fared worse as an overall group than any other since the 2008-09 recession.
While Congress has come to terms on a budget deal, Washington will no doubt be back at it again early next year trying to hammer out the FY 2015 budget. President Obama is to submit a budget under the Budget Control Act by early February. At issue with the current deal, and no doubt next year, is the role of spending cuts versus taxes. Recently, the Internal Revenue Service (IRS) released the statistical data for individual income taxes in 2011 and it puts into context this very debate, especially as we can expect the theory of taxing the rich to pay their fair share from the administration bud...
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...