The eve of another important report from USDA, namely tomorrow’s 1 September quarterly stocks plus the final small grain production summaries, presents a good time to comment on a few analytical odds and ends of late.The eve of another important report from USDA, namely tomorrow’s 1 September quarterly stocks plus the final small grain production summaries, presents a good time to comment on a few analytical odds and ends that seem to have piled up recently.
First of all, there is Friday’s report itself. The consensus opinion is that USDA will increase U.S. all wheat production very slightly to a final estimate of 2.326 billion bushels from August’s 2.321 billion bushels. It will also likely adjust production estimates for barley and oat...
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...
