Food prices fell further in late 2018

FAO reports that its calendar 2018 food price index fell 3.5 percent from 2017. While the cereals index did rise 9.0 percent, it was the only component to make gains. Meat fell 2.2 percent; dairy, 2.6 percent; oils, 14.7 percent; and sugar, 21.9 percent. [...]

Livestock affected due to Hurricane Florence

Two million chickens died due to flooding in North Carolina after the storm dumped some 36 inches of rain. Multiple slaughter facilities were shut down, and numerous livestock died. North Carolina is home to 8.9 million swine, 12 percent of the total U.S. herd, [...]

Broiler hatches continue to rise year over year

Broiler chick hatches totaled 821.4 million in June, repeating May’s 2 percent year-over-year growth rate. There were 688.9 million broiler-type eggs in incubators as of July 1, up 2.5 percent from a year ago and pointing to July’s hatch being about 1 percent higher [...]

Cattle on feed still up 4 percent as summer begins

U.S. cattle on feed totaled 11.3 million head as of July 1, reflecting the month-over-month decline expected for this time of year but up 4 percent year over year. The U.S. herd was counted at 41.9 million head as of the beginning of the [...]

Fighting over food names, protein edition: Meat & milk

In the food and beverage industry, names matter, particularly for rules on appellations—a fancy name for, well, names. Champagne must come from Champagne. Tequila must be made from Jalisco’s blue agave. It’s no surprise that growers and producers want to protect the cachet of [...]

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Tariffs raise questions over pork exports & feed demand

If the retaliatory tariffs set on U.S. pork products by some top destinations continue, corn export demand will feel a hit this year, pressuring prices. There is even speculation that pork prices could fall below their production cost—although some relief could come from lower [...]