What You Need to Know Today:
Russia rejected calls for a ceasefire in the Black Sea, including a proposal to halt attacks on civilian shipping that could help restore grain flows from Ukrainian ports. Tyson Foods announced plans to permanently close its Joslin, Illinois, beef processing facility and its Eagle Mountain, Utah, case-ready plant. The company also plans to pursue the sale of its Pasco, Washington, facility. Two oil tankers owned by the UAE’s state-owned oil and gas company ADNOC were attacked while transiting the Strait of Hormuz, with the UAE accusing Iran of carrying out the attacks. The Pro Farmer Crop Tour begins Monday, August 17, and runs through August 20, providing the market with one of the first major independen...
What You Need to Know Today: The U.S. dollar continued to strengthen Thursday as persistent inflation reinforced expectations for additional Federal Reserve interest rate hikes. Higher Treasury yields have helped support the dollar, potentially reducing the competitiveness of U.S. agricultural...
In yesterday’s WASDE, USDA reduced its overall red meat and poultry production forecast for 2026 as declines in beef and broiler output more than offset increases in pork and turkey production. Fourth-quarter beef production was revised downward because of slower fed cattle marketings and...
Key Takeaways: Dry bulk freight markets were stronger this week, but the rally was uneven and due to divergent dynamics across basins and vessel classes. Panamax markets were broadly higher, but Atlantic grain demand was primarily responsible while Asian activity was subdued. That trend...
