This morning, we received a new read on inflation and the numbers are in-line with analyst expectations.
The CPI report shows the index rose 0.4 percent in April. Year-over-year, prices are sitting at 4.9 percent. The market was expecting a read of five.
The food index remains unchanged from March, while energy costs climbed just over 0.5 percent.
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With the Aug. 31 deadline approaching, Farm CPA Paul Neiffer encouraged farmers not to wait until the final days to address any questions or discrepancies with their records.
U.S. cattle on feed totaled 11.1 million head on August 1, up 2 percent from 2025, while July placements fell 11 percent to a record low.
Farmers should monitor the Union Pacific-Norfolk Southern merger and conditions along the Mississippi River and Panama Canal as they plan for harvest.
Mexico is taking steps to limit Chinese transshipments through the country.
Persistent losses and tight cattle supplies are forcing beef packers to reduce processing capacity.
President Donald Trump said the imported beef will be sold at 25 percent below current market prices.
