- Spending expected – 0.2% last print 0.0% which was revised to +0.2%
- PPI expected 0.2% (previous -0.3% which was revised to -0.4%)
- no change to euro currently trading at 1.3140 in lacklustre early eurpean trade
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Fed nominee Miran confirmed amid rate cut debate. Markets eye 4.25%-4.5% rate, potential 0.5% cut vs. 0.25%.
Fed nominee Miran confirmed 48-47, raising concerns over central bank independence amid expected rate cut.
Cotton futures steady to 23 pts higher; crop conditions dip. US dollar down, oil up. Traders eye supply.
Live cattle futures jump $4.625, feeder cattle up $8.70 on supply concerns. USDA data mixed, choice boxes dip.
Corn futures dipped 6-7 cents as cash prices hit $3.79. Harvest pace steady, conditions slightly down. Export sales reported.
Wheat futures mixed; spring crop 94% harvested. Export shipments up 80.6% WoW, boosting prices slightly.
Lean hog futures gain 7-40 cents; national base hog price hits $105.87. Pork cutout dips, but slaughter volume rises.
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