In two weeks, the Energy Information Administration (EIA) will resume price reporting on propane (assuming there’s no government shutdown). The price reporting stops at the end of March, but as of 27 March prices were $0.96 per gallon, the lowest March average since 2020. Currently the commercial markets are down; it is one of the few energy commodities that is down on the year other than natural gas, which has declined from record peaks. According to the EIA’s Sepetmber short term energy outlook, inventories are expected to be at the top of the five-year average range, and even slightly exceed it in early 2024. Prices for the end of 2023 and into 2024 are forecast below the 2022 averages.
This outlook is positiv...
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 perc...
Key Takeaways: The agricultural trade surplus has become a sizable deficit: the balance swung from a $40.1 billion surplus in 2011 to a $40.7 billion deficit in 2025. Imports kept growing while exports lost momentum: between 2020 and 2025, agricultural imports increased 45 percent, compa...
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...
