Hog prices slide as China's hog herd recovers
China's share of the global hog market rebounds after reports that over 98 percent of its herd is at pre swine flu levels. The 2018 African swine fever decimated about 40 percent of hogs, boosting U.S. prices earlier in the year, with futures dropping on news and analysts noting a cooling market.
MENTIONED IN THIS ARTICLE
China
U.S
Wall Street Journal
United States
Iowa
Iowa Pork Producers Association
Chicago Mercantile Exchange
Reuters
Kevin Grier
Farm Journal
Monticello
Jim Slosiarek
the Gazette
Jobless claims drop to 364000 as economy regains momentum
U S jobless claims fell 51000 to 364000, the lowest since the pandemic. Economists note service sector momentum and vaccine driven demand, with higher openings but relief programs ending. Iowa saw mixed weekly claims amid shifts from federal aid programs.
MENTIONED IN THIS ARTICLE
U.S. Department of Labor
Joshua Shapiro
U.S
Maria Fiorini Ramirez
Global deal unlocks 130 nations to 15 percent minimum tax
The OECD announces 130 countries including the United States signed on to a two pronged plan to tax digital giants where they earn profits. It reallocates taxing rights and imposes a minimum 15 percent corporate tax, aiming to raise about 150 billion dollars annually.
MENTIONED IN THIS ARTICLE
Biden
Paris
Organization For Economic Cooperation and Development
United States
ISM factory index signals solid June expansion
U S manufacturing held at a solid pace in June with the ISM index at 60.6, above the 50 line, showing growth though slower. The prices paid gauge jumped to 92.1, a near 42 year high, amid shortages of semiconductors and supply constraints across the value chain.
MENTIONED IN THIS ARTICLE
U.S
Institute For Supply Management
Bloomberg
Timothy Fiore
ISM
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Linn County
Johnson County
U.S. Labor Department
New York City
Bloomberg News
Washington Post
Google
Facebook
Amazon
U.S. Treasury
Janet Yellen
Treasury
Coatesville
Ind
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