The second quarter (April-May-June) initial Gross Domestic Product report will be out 31 July. The US economy grew at 1.1 percent in the fourth quarter of last year and 1.8 percent the first quarter of this year. Pre-report estimates are starting to trickle out in the news with the latest from Morgan Stanley pegging economic growth at 0.3 percent. Below is our SWAG and we're a bit more bullish.There are four basic components of GDP calculation: consumption, investment, government spending, and net trade. Simply put, that formula is: C+I+G+ (X-M) pro-rated for the percent each category contributes.
C = Personal consumption and expenditures are roughly 70 percent of GDP (non-durable goods which include food and fuel are about 25-30 percent...
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...