What You Need to Know Today:
Crude oil prices extended their rally today, supported by several developments, including escalating Houthi attacks on Saudi Arabian oil infrastructure and growing concerns about supply disruptions. The Trump administration is reportedly preparing to remove 50 percent tariffs on certain Canadian agricultural and forestry products, potentially easing trade tensions between the two countries. The move is also seen as an effort to bolster Republican Sen. Susan Collins' reelection prospects in Maine, where the tariffs have become a significant political issue ahead of the 3 November midterm elections. Brazil holds its presidential runoff on Sunday 25 October between incumbent Luiz Inácio Lula da Silva and ri...
USDA released its October Cattle on Feed report Friday, showing 11.4 million cattle in feedlots with capacity for 1,000 head or more, slightly below last year. September placements were the lowest for the month since records began in 1996, marking the third consecutive month of placements sett...
Total Red Meat & Poultry September 2026 total red meat and poultry stocks totaled 1.97 billion pounds, down 1.4 percent from August despite typically increasing 0.8 percent during the month, and were 1.5 percent below September 2025 levels. The decline pushed total inventories to a new five...
