In December 2021, FAO’s world Food Price Index (FPI), adjusted for inflation, fell by almost 1 percent from November, ending a four-month streak of gains averaging 2 percent per month. December’s decline came on weaker pricing for meat, cereal, oils, and sugar, influenced by [...]
FAO reported November’s world Food Price Index (FPI) up 1.2 percent from October’s FPI. Year to date, the 2021 FPI is up about 25 percent from 2020 and up 27 percent from the five-year average (adjusted for inflation). Year to date, the subindexes showing [...]
Cattle on feed numbers are increasing seasonally, with 11.90 million head reported as of Nov. 1, up 3 percent from Oct. 1, although down slightly year over year. The St. Louis feed index indicates that cattle feed pricing was largely unchanged in October but [...]
While 2021/22 continues to look bullish for the soy complex, some early indications of the proverbial “light at the end of the tunnel” may be taking shape. Thus far, soybean oil yield appears to be on the higher side of the historical range, with [...]
In its survey of the cost of a Thanksgiving meal, the American Farm Bureau Federation (AFBF) estimated the cost of ingredients for a ten-person meal at $53.31 ($5.33 per person), the highest price in the survey’s 36-year history. The 2021 estimate is up 13.7 [...]
After falling 2.6 percent the previous month, FAO’s Food Price Index (FPI) fell again in July, down 1.2 percent from June. Adjusted for inflation, July’s FPI was still up about 29 percent YOY on declines among the dairy, cereals, and vegetable oils subindexes vs. [...]
Two releases from the government this past week stoked fears of inflation rising faster than previously forecast, with both CPI and PPI numbers exceeding expectations. Seasonally adjusted, the Consumer Pricing Index (CPI) was up 0.8 percent in April and up 4.2 percent over the [...]
Adjusted for inflation, FAO’s Food Price Index rose over 2 percent from February and was up 25 percent YOY. This was the tenth straight month of gains for the price index. For 2021 through March, food prices are up 17 percent year on year [...]
