Inflation rose at 0.1 percent in August, against the market’s expectation of a 0.1 percent drop. For the year, inflation is up 8.3 percent since August 2021, which is a slight decline from the June record of 9.3 percent and the July 8.5 percent.
Food inflation was up 0.8 percent on the month – the eighth consecutive monthly increase. On a year-over-year basis, food was up 11.4 percent, the largest 12-month increase since May of 1979. Food at home was up 13.5 percent year-over-year, while food away from home was up 8 percent.
Fats and oils and sugars and sweets lead the increases in the food at home category; meats and poultry decreased from previous highs.
In the protein category, there wer...
What You Need to Know Today: Commodities were mostly lower across the board today after yesterday’s Federal Reserve meeting hinted at a potential interest rate hike later in 2026. The dollar index reached its highest level in over a year, and a strong dollar makes U.S. agricultural expor...
Tomorrow is the Juneteenth federal holiday, and the USDA, along with the rest of the federal government and the CME, will be closed, so the monthly Cattle on Feed report was released a day early. The total number of cattle on feed in feedlots with 1,000 head or more capacity on 1 June amounted...
