The U.S. trade deficit narrowed unexpectedly to $52.8 billion in September, the smallest since mid-2020. The decline in the deficit was due to a large increase in exports, which rose $8.4 billion. Imports were up a more modest $1.9 billion.
The President may see this as a win, as the core aim of Trump’s trade agenda has been straightforward: fewer imports and more domestic production. But whether that’s what we’re actually seeing is far less certain. Focusing on the total volume of trade, imports plus exports, shows the extent of business and consumer interaction across the US border. This measure grew by $10.3 billion in September but is up only 0.4 percent in the past year, and down 10.3 percent from the peak hit...
What You Need to Know Today: The G7 agreed to release 100 million barrels of crude oil and fuel reserves over four months, with a substantial diesel release front-loaded into the first 20 days. The announcement initially pushed crude oil lower on Friday, although it later recovered a portion o...
In a recent social media post, R-CALF unveiled its latest cattle market plan: “contracts that bind producers before establishing a base price, then tie that price to future negotiated cash transactions, should be prohibited.” That proposal aligns with recent legislation by Represent...
Key Takeaways: The recent pearl-clutching from parts of the beef industry regarding the loss of the daily Kansas fed cattle negotiated trade pricing report is overwrought and ignores the fact that the direction was readily apparent. The shift away from negotiated trade has been well docu...
