USDA’s May reports contained yield and production estimates for spring crops still being planted, so there are several important items to watch and consider going forward.USDA’s May reports, released this past Wednesday, were really about benchmarks and expectations for the next marketing year. They contained, after all, yield and production estimates for corn, soybeans, wheat and other spring crops still being planted, and approximately 90 percent of the growing season is yet to be determined. Meanwhile, there are several important items to watch and consider going forward:
One significant unknown is what the final corn and soybean planted acres will be. Another is whether the wet conditions and flooding across significant parts of the...
What You Need to Know Today: Russia rejected calls for a ceasefire in the Black Sea, including a proposal to halt attacks on civilian shipping that could help restore grain flows from Ukrainian ports. Tyson Foods announced plans to permanently close its Joslin, Illinois, beef processing facili...
The big news in the cattle markets yesterday was Tyson Foods’ move to close two more beef plants. One of them, the Joslin, Illinois, plant was shuttered immediately after the announcement. The other, in Eagle Mountain, Utah, is a case-ready plant that does not slaughter cattle. Tyson also...
The Bureau of Labor Statistics (BLS) released the Consumer Price Index (CPI) on Wednesday. In July, the CPI rose 0.1 percent, seasonally adjusted, and rose 3.4 percent over the last 12 months, not seasonally adjusted. The index for all items less food and energy, or the “core” infla...
