Twelve Days of Insight The Wall Street Journal’s James Mackintosh points out that business leaders, including those at the Davos World Economic Forum last week, are betting two to one odds that Donald Trump will win reelection later this year. This is in sharp contrast with the political facts. The President’s numbers indicate someone with high negatives and minimal support numbers. His actual opponent is still unknown. If it is Joe Biden, group think might lower Mr. Trump’s odds, if the Democratic nominee turns out to be Bernie Sanders or Elizabeth Warren, the calculus of business confidence ought to be shaken. Either way, the political calendar over the next few days could become informative.
Policy Prescriptions on...
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...
