Canadian November canola crush down 1% from October

COPA reported November canola crush at 877,405 MT, a small decline month over month but up 12 percent from last November’s drought-impacted crush and around average for the month. Oil yield remained lower than levels achieved before the drought: Oil production in November of [...]

Food Price Index down to 15-month low

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 [...]

ERS sees 2023 food prices up 4% from last year

The Food Price Index (FPI), part of the Consumer Price Index (CPI), rose just 0.2 percent in November, slower growth than the 0.7 percent monthly growth in October. Mixed performance across the component prices led zero price growth for food at home, while the [...]

Smallest hog herd since 2016

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 [...]

Domestic cattle herd grows as demand slows

USDA’s December milk production for the week leading into Christmas showed a 1,000-head revision higher in the previous herd number and a further 1,000-head addition from October into November. This raises the national heard to a one-year high, up 38,000 heifers from November 2021. [...]

Domestic food CPI reported up 0.7% in October, up 11% YOY

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 [...]

Ivory Coast cocoa arrivals surge 7% in December

After a disappointing start to the season in October and November that saw cocoa bean arrivals down double digits, strong December arrivals have allowed the total volume to not just catch up but surpass last year’s pace. In a reversal of fortunes, season-to-date arrivals [...]

FAO Food Price Index down 1.4 percent YOY

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 [...]

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