Environmental and economic factors have continued to affect the soybean market. May-23 soybeans fell from their peak to close the week at about $0.70 above year-ago values, and soybean oil futures continued their multi-week slide. NOPA soybean crush was 165.4 million bushels in February, [...]
USDA has released its agricultural projections to 2032! These baseline projections provide insight into the landscape of agricultural commodities and trade for the next ten years. The U.S. agricultural sector has been influenced by global economic and market circumstances such as inflation, supply chain [...]
Eggs can be an important source of vitamins, minerals, iron, and carotenoids, being a great food that provides the human body with these essentials for healthy living. The new year began with a huge disappointment for egg fans, however. Eggs have been in limited [...]
Adjusted for inflation, FAO’s Food Price Index (FPI) fell nearly 2 percent in December, reaching its lowest level since September 2021 and down about 2.6 percent YOY. FPI for all of 2022 was still up nearly 12 percent YOY and up nearly 37 percent [...]
USDA’s latest hog and pig inventory put the U.S. herd at 73.1 million head as of Dec. 1, down 2 percent from December 2021 and the lowest Dec. 1 total since 2016. This year’s mix of drought, high feed costs, and declining demand for [...]
In its October Consumer Price Index (CPI) reporting, ERS calculated that the price to consumers for all food rose 0.7 percent in September. YOY, the food CPI was reported up nearly 11 percent YOY. Of note is the growth in prices of food away [...]
All but two components of FAO’s Food Price Index (FPI) fell in November, allowing the overall index to slip slightly from the previous month. The combined FPI has now seen monthly declines from April through November, and though this included drops of just 0.1 [...]
The cost of ingredients for a ten-person Thanksgiving meal hit a new record this year, as estimated through the American Farm Bureau Federation’s survey. The 2021 cost was a record $53.31 ($5.33 per person), and the estimated 2022 cost surpassed at $64.05 ($6.41 per [...]
