The American Farm Bureau (AFB) reports that the cost for a Thanksgiving dinner went up in 2019: By exactly one penny. Per AFB, the average cost of Thanksgiving dinner for 10 people is $48.91, up from $48.90 last year. This nominal increase follows three [...]
September crude corn oil production extended the modest YOY slump that began in July. Jul-Sep production totaled 529.6 million lbs, with 543.7 million lbs of crude oil used for refining, down 7 percent from Q3 2018. Crude corn oil used in refining was 171.4 [...]
October saw the second consecutive increase in the U.S. dairy herd as higher prices for products like cheese and non-fat dried milk (NFDM) helped lift milking revenues. The November Milk Production report showed that the 24-state number and total U.S. herd recovered by 5,000 [...]
During the week ending Nov. 15, U.S. ethanol production averaged just over 1.0 million barrels per day (bpd), up less than 1 percent week over week and down about 1 percent YOY. Production has increased for seven consecutive weeks. Weekly use by blenders and [...]
Speaking at an African investment forum, Ghana’s president made an argument for Nigeria and Cameroon to join Ivory Coast and Ghana’s cocoa market cooperation efforts. President Akufo-Addo acknowledged some “structural issues,” like Nigeria’s lack of a cocoa marketing mechanism, per The Africa Report. Both [...]
Frozen food sales have grown in four of the past five years and were up 2.6 percent in 2018 alone, according to a study by the American Frozen Foods Institute (AFFI). Frozen food is a $56.7 billion industry in the U.S. and a $220.0 [...]
Most-recent data from USDA show barge freight costs rose to 224 on the transportation cost index, a two-month high. Rail’s index level has remained steady at 284 since the beginning of October, while truck rates have fluctuated between 204 and 207 since mid-September. Freight [...]
Although the National Oceanic and Atmospheric Administration (NOAA) had forecast an atypically warm Q4 for much of the U.S., an early snowstorm event in October followed by record-breaking cold throughout much of the Midwest has belied that forecast. Already troubled by spring flooding, delayed [...]
