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 [...]
As of Mar. 1, U.S. cattle on feed totaled 12.0 million head, down 1 percent on the month but up about 2 percent YOY. Headcount was a record high for the month of March. This may give some indication of potential feed demand growth [...]
FAO reported the February Food Price Index (inflation adjusted) up almost 15 percent from January. The index saw gains for nine straight months and is now at its highest point since 2011. Every single subindex gained in February, with the strongest gains seen for [...]
Two major news releases from USDA on Tuesday, Feb.23, prompted a counterintuitive market reaction as prices firmed toward the end of the week. The Cold Storage Report showed AA salted butter stocks at 328 million pounds through January 2021. To put that in perspective, [...]
As of Feb. 1, U.S. cattle on feed totaled just over 12.1 million head, the second highest February total since reporting began in 1996. Inventory was up 1 percent from January and up about 1 percent YOY, slightly above industry expectations. The high number [...]
FAO reported its January food price index up 2.7 percent from December and up 8.8 percent YOY (adjusted for inflation). Month on month, its component subindexes were either up (cereals, oils, sugar) or nearly flat (meat, dairy). Year on year, nearly all subindexes made [...]
The U.S. hog and pig population as of Dec. 1 was estimated at 77.5 million head, down 1 percent from both September 2020 (revised) and December 2019. The fourth-quarter hog count tends to be a bit lower than the Q3 number, reflecting increased slaughter [...]
In the U.S., the nongovernmental American Farm Bureau Federation reports that a meal for ten would cost about $46.90 at the grocery store (not adjusted for inflation). The figure, based on a nationwide survey, is down 4 percent from the estimate of $48.91 last [...]
