"Drought, inflation, labor shortages and market instability" have led to a long-term inventory decline, while land, feed, labor and processing costs have skyrocketed, said Hackett. "It's a full-system ...

The European Central Bank left interest rates unchanged Thursday, pressing pause on an easing cycle that has delivered eight quarter-point rate cuts since last summer.

U.S. stocks are rising toward another record following a trade deal between the world’s No. 1 and No. 4 economies.