As we transition from one year to the next, it has become our habit to make some not-so-fearless forecasts for the upcoming year. With a bow to intellectual honesty, we have also looked back at the year just ended to see if our predictions were any good.As we transition from one year to the next, it has become our habit to make some not-so-fearless forecasts for the upcoming year. The best thing that could happen to such predictions is that they be forgotten. However, with a bow to intellectual honesty, we have also looked back at the year just ended to see if our predictions were any good. Here is how those predictions for 2014 worked out:
We predicted U.S. farmers would reduce corn acreage to about 93 million acres and increase soybean...
What You Need to Know Today: Russia rejected calls for a ceasefire in the Black Sea, including a proposal to halt attacks on civilian shipping that could help restore grain flows from Ukrainian ports. Tyson Foods announced plans to permanently close its Joslin, Illinois, beef processing facili...
The big news in the cattle markets yesterday was Tyson Foods’ move to close two more beef plants. One of them, the Joslin, Illinois, plant was shuttered immediately after the announcement. The other, in Eagle Mountain, Utah, is a case-ready plant that does not slaughter cattle. Tyson also...
The Bureau of Labor Statistics (BLS) released the Consumer Price Index (CPI) on Wednesday. In July, the CPI rose 0.1 percent, seasonally adjusted, and rose 3.4 percent over the last 12 months, not seasonally adjusted. The index for all items less food and energy, or the “core” infla...
