Why High Beef Prices Are Here to Stay — Commodities Roundup

Résumé détaillé

--Brent crude is down 0.7% to $92 a barrel. --European benchmark gas is up 0.3% to 85.02 euros a megawatt-hour. --Copper futures are down 1.5% at $13,675.50 a metric ton. --Gold…

EAGLE MOUNTAIN, Utah-Tyson Foods TSN maintenance worker Austin Campbell was checking his email in August for updates on a promotion when instead he saw a message from the company's chief executive.

"Our beef business is operating in a challenging environment due to the historic cattle shortage," Donnie King, Tyson's CEO at the time, wrote in an internal email announcing the closure of the Utah facility where Campbell worked. "These supply constraints are likely to persist."

The $300 million Utah plant was only five years old. It doesn't slaughter cattle but was filled with state-of-the-art automation to help employees cut and package beef cuts into steaks, roasts and ground beef for grocery stores.

The Senate moved to advance a wide-ranging energy permitting bill, despite dwindling odds that Congress will ultimately approve the legislation-and President Trump throwing a monkey-wrench into the process.

The bill, known as the Bipartisan American Affordability and Jobs Act of 2026, aims to speed up the permitting process that has long drawn complaints from energy developers. It proposes an overhaul of environmental rules, introduces changes aimed at strengthening the electric grid and mandates that data centers pay for all of their associated transmission costs.

Oil prices extended their losses Tuesday, with Brent crude briefly falling below $90 a barrel before rebounding, as President Trump signaled that further U.S. military strikes on Iran weren't necessary for now, raising hopes of an easing in the Middle East conflict.

Front-month Brent crude, the global oil benchmark, fell 2.1% to $90.61 a barrel, while West Texas Intermediate futures declined 1.9% to $85.18 a barrel.

U.S. Gasoline Prices Fall Below $4 a Gallon, Offering Drivers Some Relief

American drivers are getting some relief at the pump, with gasoline prices falling below $4 a gallon for the first time since July.

Début de l'article, extrait de Morningstar. Pour lire la suite, ouvrez l'article chez le média.