Fuel bills have been more expensive lately, but this might be short-lived.
GasBuddy shows that gasoline gained around $0.11 last week, marking the third straight week of increases for gas. Diesel is up nearly $0.04 to $3.59 per gallon.
Energy analysts say the weekly gains are not likely to stay, and they cite concerns around the economy and recent production increases. Oil prices are currently near levels they saw during the pandemic.
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RFD-TV tax expert Roger McEowen discusses the renewed tax provision and how cattle producers can take advantage of it to recover investments in heifer retention and herd expansion more quickly.
Rich Nelson, a commodity broker for Allendale Inc., joins us to break down what the U.S.-China trade agreement means for the ag economy.
The U.S.-China summit raises hopes for stronger exports and reduced barriers, but U.S. ag players should remain strategically cautious until concrete volumes and certifications materialize.
Expect incremental near-term lift for feed grains, proteins, and ethanol as tariff cuts and smoother approvals translate into real orders.
Cattle markets are collapsing this week, and analysts say that several factors are at play. Consumer beef prices also remain near all-time highs, threatening long-term demand.
If confirmed, early Chinese buys tighten nearby Gulf/PNW capacity and could bump basis in export-oriented regions.
