While Washington is locked in high stakes negotiations over the fiscal cliff, the economy is doing just fine, thank you. It's not flourishing, but it is not recessing either, according to the seasonal Christmas shopping reports. Consider the following:
Sales for the full first weekend of holiday shopping -- Thursday through Sunday -- were 13 percent higher versus a year ago, according to the National Retail Federation. On average, each customer spent 6.3 percent more than last year. ComScore says online Black Friday sales were up 26 percent from a year ago and surpassed $1 billion for the first time ever. Online sales on Thanksgiving Day were up 32 percent. This strength was confirmed by Coremetrics, an online data gatherer affiliated w...
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...
