Lots of concerns around any commodity inclines in the coming weeks due to the East and Gulf Coast...
Jobs Lag, Beef Drops
Perhaps a slower than expected economy could help with the historically inflated commodity prices? July’s U.S. job growth was underwhelming, continuing a quiet theme we’ve seen in recent years. Excluding recessions, year-to-date job gains are the lowest by volume since Gino Torretta took home the Heisman in 1992, and the weakest by percentage since Johnny Unitas led the league in passing—back in 1960. That’s not exactly a sign of a red-hot economy.
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