Quick Overview

• U.S. Personal incomes rose 0.4% in November.
  

• U.S. Consumer spending rose 1.1%.
  
  

• The University of Michigan's consumer sentiment index fell from 76.1 to 75.5
  
  

• Canada’s GDP rose 0.2% in October and up 2.8% YoY.
  

• U.K.'s retail sales rose 0.4% in Novembe
  

• Australia’s leading Indicator rose 0.9%
  
  

• The USDA said there were 12.081 million head of cattle on feed on December 1st, up 0.9% YoY. Placements in November rose 12.3% while marketing's fell 3.3%.
  

• The USDA also said that pork production rose 8% YoY.
  The USDA said there were 477 million pounds of frozen pork in storage, up 2% YoY. Frozen bellies totaled 34.5 million pounds, up 13% YoY.
  

• The USDA said there were 564 million pounds of frozen orange juice in storage, down 13% YoY.
  

• The Far Eastern Freight Conference said its member’s lines are preparing an unspecified eastbound tariff increase to take effect on April 1. The eastbound trade between Europe and Asia continues to experience substantial growth with a current level of 7% while trade with China is growing at 15%," the FEFC said.