Consumer Spending Down, Bison Regulations
- July was down on the consumer spending. But in the mean time the savings increased to the highest level.
It clearly shows that the people have become more cautious about their savings despite the economic and job growth.
It is stated by the Commerce Department that the spending of the consumers dipped 0.1 percent in the last month. This is the first decline in spending since January.
But the economists expected something different. They expected more spending as the increase of the economic activity in the U.S. The activities of some sectors like housing, business spending and exports are increasing.
- Executive Director of the National Bison Association, Dave Carter says that they are pleased that USDA has approved a comprehensive study for the bison industry.
Carter says that USDA is now seeking guidance on where to focus their assistance- in potential topics such as herd health issues, rangeland management and markets, among other things.
NASS will be sending out questionnaires to producers soon to get their input as to where to focus the USDA assistance