The federal government's revenues are outpacing its outlays compared with 2014. This and other positive economic factors have strengthened the U.S. dollar, which is a drag on commodity prices.There is much to be read in the economic tea leaves lately that points to a strong U.S. economic recovery. First of all, total receipts for the federal government are up for the first 10 months of the fiscal year. The reasons for this are:
Income tax withholding was up 6 percent or $100 billion, most likely from gains in wages and salaries. Non-withheld tax receipts were up 16 percent or $71 billion, reflecting growth in non-wage income such as that of entrepreneurs. Corporate income taxes increased by 9 percent or $22 billion as a result of highe...
What You Need to Know Today: A third U.S. border crossing (Columbus, New Mexico) has reopened to Mexican cattle imports following nearly two years of restrictions related to New World screwworm. The reopening could gradually improve feeder cattle availability, although more than 60 confi...
Yesterday, the USDA’s Agricultural Marketing Service (AMS) released a new report of negotiated cash purchases of cattle under the mandatory price report. The report included Colorado, New Mexico, Oklahoma, Texas, and Kansas. The goal of the report was to solve the confidentiality issues e...
Key Takeaways: U.S. soybean crushing began in 1911 and saw its most rapid expansion during the 1930s amid the broader agricultural and technology revolutions of the time. After peaking in the early 2000s, the soybean crushing industry went through a downturn as poor crush margins forced...
