The U.S. Bureau of Economic Analysis (BEA) reported Friday that Q1 2022 GDP dropped 1.4 percent and the Q4 2021 GDP was revised to 6.9 percent. Analyst’s pre-report expectations were for a growth of 1 percent.
The drop in GDP comes after the March consumer price index was up 1.2 percent in March over February, and 8.5 percent over March 2021. High inflation and negative growth is the definition of stagflation. The question is, how long will it last and will there be a recession? By definition a recession is two consecutive quarters of negative GDP. While the Q1 GDP numbers were not a positive development by any means, there are some signs that the stagnation in the economy might be “transitory” – to...
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...