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Life’s money lessons begin now for new grads

Whether you’re graduating from high school or finishing college and heading into the workforce for the first time, good financial decisions early on can pave the road to success, says Trish Savage, personal finance specialist for University of Missouri Extension.

Ag Policy

EPA finalizes WOTUS rule, GOP pledges to continue efforts to stop the rule

The Obama administration, on Tuesday, May 27, finalized its controversial proposal to redefine the features that fall under jurisdiction of the Clean Water Act. While the administration asserts the intent of the rule is to clear up confusion regarding its jurisdiction over certain streams, wetlands, ponds, and other land and water bodies, opponents of the rule remain unconvinced.

Markets

Boxed Beef Report: Beef prices up

Choice boxed beef rose 26 cents on Wednesday to hit $260.76. This rise brought the 27-day average price to $260.13.  Select boxed beef saw an even larger jump from $248.75 on Tuesday to $250.10 on Wednesday. The $1.35 jump brought the 27-day average price to $248.58.

Choice primal rib fell hard to $382.18 on Wednesday from $386.59 on Tuesday. The $4.41 drop brought the 27-day average price to $383.32. Choice primal loin also fell $1.42 on Wednesday.

Choice primal short plate saw a jump of $3.03, while chioce primal chuck was close behind with a $2.55 raise.

Markets

USDA data weighs on grain markets

USDA data is weighing on the grain markets. Tuesday’s belated release of the weekly USDA Crop Progress report likely spurred overnight selling; that apparently continued this morning. Not only did the report indicate corn plantings still ahead of normal, the initial corn condition rating at 74% good-to-excellent was better than normal. The market may also be suffering from follow-through selling in the wake of yesterday’s dollar-driven drop. Traders cited dollar strength for midday losses.

Markets

Retail diesel prices slightly rise

Retail diesel prices in the United States saw an average rise of one cent this week to sit at $2.91.

Throughout the country only the Rocky Mountain region rose by more than one cent with a two cent rise. The Central Atlantic region stayed fixed at $2.16.

The West Coast region continues to have the highest retail diesel prices at $3.17.

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