While Congress was busying piecing together a fiscal policy deal on the budget and taxes, the Federal Reserve moved to raise interest rates for the first time in nearly a decade. One method of determining what lies ahead is to look to the market.
While Congress was busying piecing together a fiscal policy deal on the budget and taxes, the Federal Reserve moved to raise interest rates for the first time in nearly a decade. Of note, this is the first time in seven years that the Fed has moved away from its near-zero federal funds rate peg. Additionally, the Federal Open Market Committee (FOMC) decision to increase interest rates was unanimous. Although the hike was modest, moving from the 0.00-0.25 percent range to 0.25-0.50, it is the fi...
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...
