The U.S. hog and pig population numbered 72.5 million head as of Jun. 1, down slightly from Mar. 1’s count and the smallest herd for the date since June 2018. The year-over-year decline of 1 percent was the smallest YOY contraction we’ve seen in [...]
ERS published data on Consumer Price Indexes (CPI) for food this Friday, unsurprisingly showing higher prices in May across all food categories in the U.S. As a result, the composite food CPI was estimated up 1.1 percent from April 2022 and up 10.1 percent [...]
The most recent Commodity Futures Trading Commission (CFTC) report showed that large speculators sold close to 18,000 long futures contracts, reducing their total net length (futures only) to a nominal 126 total contracts. Including futures and options, the large spec category is now net [...]
Futures activity New-crop Dec-22 futures settled at 6.550 on Thursday, the lowest since Mar. 29. The December contract closed at 6.7400 per bushel on Friday, down from $7.31 per bushel a week ago and down 8 percent week over week. S&D and fundamental factors [...]
Stevia is a sugar substitute that is about 100 to 300 times sweeter than conventional table sugar. As a high-intensity sweetener, stevia is used in very small quantities and therefore doesn’t add calories to food or beverages containing it. It is derived from the [...]
Mexico’s sugarcane campaign is looking to show a strong close of the 2021/22 season. Harvest area has finally passed last year’s pace, a further boost for overall crush. Sugar content remains up YOY. Source: CNDSCA Seven mills were still crushing at the end of [...]
NOPA members crushed over 171 million bushels last month, up 1 percent from April and setting a new record for the month. Oil yield was especially strong, which allowed oil production to post a 6 percent year over year gain in production. Industry watchers [...]
Although news of an explosion and fire in a Freeport liquified natural gas (LNG) loading terminal off the coast of Texas would initially appear bullish, in-depth analysis would suggest that the event has instead shifted the momentum of the domestic natural gas market. The [...]
