The short-term snapshot paints a rosy scenario for the federal budget with a lowered deficit, growing economy and strong revenues. However, if the current policies in place were frozen into the future, the scenario doesn't look quite as promising.
Today is the last day of FY 2014. The government is funded for the first part of FY 2015, which starts tomorrow, via a continuing resolution (CR) that will extend into December when a lame duck session of Congress will make another necessary extension. According to the Congressional Budget Office (CBO), the federal budget deficit will total $506 billion, approximately $170 billion lower than it was in 2013. That is higher than the estimate in April of this year that pegged it at $492 billion. T...
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...
