Tyson Foods settled for $48 million in a class-action lawsuit alleging pork processors conspired to fix prices from 2009 to 2018, totaling $114 million settlements industry-wide.
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DTN Oil Update
PostedCrude futures jumped more than 3% Thursday, Jan. 29, hitting five-month highs, as Iran announced military exercises in the Persian Gulf that added to tensions already running high from threats of U.S. military strikes against the Islamic republic.
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Farm Life
Color the Farm This Winter
Posted by Pamela SmithColoring books can make snow days brighter, especially when they involve farm themes. Here's some that will encourage all ages to get creative.
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What DTN Is Watching
The Bureau of Labor Statistics will release December producer price index data on Friday at 7:30 a.m. CST. As for ag focused reports, the day session will be quiet but following the close USDA will release the highly anticipated Cattle Inventory report at 2 p.m. CST, which will offer insights into the U.S. beef cattle herd. Finally, CFTC will round out the week with their Commitments of Traders report at 2:30 p.m., updating trader positions as of Tuesday, January 27.
WeatherA small clipper system is moving into the Southeast on Friday morning but doesn't have much precipitation with it. However, it will bomb out off the Carolina Coast Friday night and especially Saturday, leading to some heavy snow around the Carolinas and strong winds for the East Coast. That system will pull some very cold air southward through the country through the weekend, leading to the coldest air of the year for Florida.
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