With the Federal Open Market Committee meeting today and tomorrow, Fed watchers will be looking for news on interest rates and the Fed’s balance sheet while continuing to wonder who the new members will be next year.
The Federal Open Market Committee (FOMC) convened its September meeting today, which will run through tomorrow. This is the sixth of eight such regular meetings each year. Four of them conclude with a post-meeting press conference and release of the FOMC’s Summary of Economic Projections as well as the so-called dot-plot. The latter is a chart with dots that each represent a Fed member’s view on where the federal funds rate should be at the end of the current and following years. This month’s is one o...
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...
