The news is full of stories about falling oil prices. While energy is a key component of the economy, high and low prices simply switch economic incentives.The news is full of stories about falling oil prices. According to various wire and news reports:
American motorists are saving $630 million on gasoline compared with what they paid at June prices, and they would receive a $230 billion windfall if prices were to stay this low for a year. – Washington Post Oil prices in North Dakota are below $50 – Bloomberg (This, we note, is tight light oil for which there is limited refining capacity. It is trading at a discount to West Texas Intermediate crude, which itself trades at a discount to the international standard, Brent Sea crude.) Oil...
What You Need to Know Today: Chinese purchases of U.S. soybeans continued to accelerate, with USDA reporting another 558 KMT sold to China and 236 KMT to unknown destinations. Combined with sales announced Wednesday and Thursday, the latest purchases bring the three-day total to approximately...
Key Takeaways: With the fall calf run now upon us, producers are finally getting a glimpse of what their realized profits will be for 2026. Some producers may have already obtained a strong estimate of 2026 revenues, especially if calves were forward sold in, for example, the mid-summer...
As fall begins, wild migratory birds are starting their seasonal migration. That has the industry and government officials worried about the potential spread, again, of highly pathogenic avian influenza (HPAI). Some members of Congress have called for the United States to be prepared for a pote...
