Producer Price Index
On a year-over-year basis, producer prices increased 5.5 percent, down from a 6.0 percent annual gain the previous month.
Producer input costs are rising faster than expected — and this latest PPI report does not reflect the last two weeks of geopolitical tension.
USDA’s 2026 Food Price Outlook projects food prices rising 3.1%, with higher beef costs and falling egg prices shaping consumer trends.
The federal government’s status is far from the only factor moving the markets on Friday. Two critical reports released today on producer inflation and the status of the U.S. cattle herd are also top of mind.
Moderate oil prices may ease fuel costs, but continued caution in the energy sector could limit rural economic growth.
Firm live cow prices and shifting dairy-side culling suggest cull cow values may stay stronger than usual this winter despite weaker cow beef cutout trends.
Following an on-target CPI, the combination could suggest that inflation is cooling.
