Food prices up for first time since 2017

In July, FAO’s Food Price Index (deflated) saw its first YOY increase in 22 months. July’s Index was up 2.3 percent YOY, a considerable difference from the previous 12 months, which saw an average YOY decline of 6.4 percent. Looking at individual subindexes, both Meat and Sugar continued their [...]

Food Price Index finally ticks higher

FAO reported its Food Price Index appreciated by just 0.2 percent YOY in June, the first monthly YOY increase in 21 months. (Note: These figures are adjusted for inflation.) The increase comes courtesy of gains in three of the five subindexes: The Meat, Cereals, [...]

FAO Sugar Price Index finally showing gains?

After falling 2.8 percent in 2018, FAO’s Food Price Index (FFPI) is down 2.7 percent YOY for the first four months of 2019. (The index, adjusted for inflation, uses as baseline food price data from 2002 through 2004.) Looking at monthly data, April 2019 [...]

Trade obstacles persist for U.S. pork

Last Thursday, Apr. 18, the U.S. International Trade Commission (USITC) released its report on the impact of the United States-Mexico-Canada Agreement (USMCA). Ratification of the free-trade agreement (FTA) could improve the situation for U.S. pork exports, which have seen a sharp drop this past [...]

Livestock and poultry populations up over 2 percent YOY

There were nearly 12.0 million head of cattle on feed as of Apr. 1, up 2 percent year over year and a recent record. March’s cold, wet weather in parts of the Plains and Midwest contributed to the higher number. May-Aug numbers should decline [...]

An “Impossible” challenge for the meat & dairy industry?

The meat and dairy industry has used both state laws and advertising blitzes to burnish its reputation and whet consumer appetites for its products for decades, but who can buy headlines like those fawning over mock and fake meats? True, the average consumer is [...]

Milk production still seeing modest gains despite continued herd declines

USDA’s Feb. 20 report on herd size and production by state showed overall production up 0.5 percent in Q4 compared to the same quarter last year. Herd size continues to decline as culling thinned the herd on both a national and twenty-three state basis. [...]