Patri Oikonomia: London's Daily Telegraph reports that Pope Francis criticized consumerism and said that, "Throwing away food is like stealing from the table of the poor and the hungry." It is no surprise that economics is a vague and distrusted discipline by both the Pope and the average citizen given that neither has studied the subject very much. While his predecessor was a scholar, Bergoglio has focused his years on obtaining resources for the poor.Scholars like James Twitchell ("Lead Us into Temptation: The Triumph of American Materialism") have long clashed with the mass of Catholic theologians who hold that consumerism is bad, perhaps because its narcissism is perceived to deflect from the church's emphasis on charity. However, Rom...
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...
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