2023 Cattle Prices Could Reach Records
Fed cattle prices are expected to range from $150 to $172 per hundredweight, averaging $158 for the year, up $14 from last year.
Tag: Commodities
Analysis: Coffee Prices to Level Out Amid Inflation Setbacks
With inflation remaining steady, many companies currently face dilemmas. Some are doing everything in their power to absorb the higher operating costs and to keep their prices down. Others, however, have been able to pass …
FI Small Bites: Coffee Industry Latest
Despite the recent downward trend in coffee exports, the latest reports show some light in the darkened tunnel. What’s making things look brighter in the world of java? The Food Institute has the latest. Produced …
Weather Researchers Warn of Pending Megafloods, Megaheat
California could experience “megafloods” as a large portion of the country experiences “megaheat,” according to a UCLA study.
Wheat Update: Will a Russia-Ukraine Agreement be Reached?
The global wheat outlook may be improving after the United Nations reported that Russia and Ukraine took a “critical step forward.”
When Will Perfect Storm of Food Inflation Subside?
Call it a perfect storm: COVID led to labor shortages and supply chain issues and to fuel shortages, all of which contributed to inflation. Factor in Russia’s invasion of Ukraine and unpredictable weather, and food …
Experts Weigh In on 2022 Inflation Outlook
Ag Update: Cargill Plans to Eliminate Trans Fats by 2023
Cargill announced it will eliminate trans fats in its products by the end of 2023 to help improve consumer diets, the first manufacturer to agree to new World Health Organization standards. “Cargill became the first …
Demand, Labor Challenges Broaden Raw Ingredient Shortages
Labor issues continue to fan the flames of supply chain disruption, fueling raw material shortages and poking holes in production output, while food manufacturers struggle to keep up with volatile demand. “The U.S. manufacturing sector …
Report: Cost of Breakfast Commodities Hits 10-Year High
The cost of ingredients for breakfast staples continues to rise as global food production, processing and transportation challenges collide with higher demand from the pandemic rebound. According to the Financial Times breakfast indicator, futures prices …
Truck Driver Shortages Continue to Burden Supply Chains
Panic buying leading to shortages of toilet paper and other commodities took hold at the beginning of the pandemic in March 2020, and experts warn a similar situation could develop in coming months, largely due …
Exclusive: Wells Fargo Economist Addresses State of U.S. Agriculture
Here are trending economic and food industry data points, as well as major economic and company earnings releases for the coming week: an interview with Wells Fargo agricultural economist Dr. Michael J. Swanson on a …
Meat Prices Continue to Rise After Pandemic Push
Inflation is affecting prices across the food continuum, and meat is no exception. Meat prices were up in the first two quarters of the year when compared to both 2020 and 2019, according to analysis …
FI Agriculture Recap: Pandemic Relief for Livestock Producers
The USDA’s Farm Service Agency will begin accepting applications next Tuesday from livestock producers who suffered pandemic losses as a result of their inability to gain sufficient access to processing. Relief will come from the …
Food Costs Ease Following Decade-High Surge
Global food prices recently fell for the first time in a year, potentially offering some relief for consumers and easing inflationary pressures. COSTS DROP 2.5% A United Nations gauge of food costs dropped 2.5% in …
Avocado Volumes on the Rise While Prices Decline
While Americans are paying more for everything from lumber to computer parts, and with most of the food industry contending with price increases, one surprising exception can be found: avocados. While often considered one of …
Food Industry Financials: Surging Commodities, Coca-Cola, and more
Here are trending economic and food industry data points, as well as major economic and company earnings releases for the coming week: unemployment benefits, global debt, surging commodities, restaurant reservations, Coca-Cola (COKE), and more Trending …
Food and Beverage Companies Signal Higher Prices
Many food companies are raising prices to offset higher costs. Higher commodity costs are pressuring companies’ profits, while some are also starting to lap their surging sales sparked by stockpiling in 2020, reported CNBC (March …
Global Food Prices Hit Six-Year High
Global food prices are the highest they’ve been in six years, with the price of agricultural commodities traded on the global stage rising 50% since the middle of 2020, according to economists at Rabobank. Additionally, …
Consumers Expected to Wake Up to Higher Coffee Prices Soon
U.S. coffee processors are reporting significant cost increases in their operations, mostly related to transportation, and expect to raise retail prices soon. Mid-sized and smaller roasters have been hit hardest, but even larger companies say …
FI Agriculture Round Up: The Dawn of a Commodity ‘Super Cycle’
COMMODITIES SUPERCYCLE U.S. agriculture is at the beginning of a commodity “super cycle,” according to Brett Stuart, CEO of Global AgriTrends. He said China is driving markets for beef, pork, poultry and corn, and that …
Rising Commodity Prices Bring Relief to Farmers
Soybeans and other commodities are seeing a jump in prices due to dry weather and strong export demand from China. Could this lead to higher prices for consumers? RISING COMMODITY PRICES Prices for corn, soybeans, …
Rising Food Prices Represent Awakening Risk in 2021
New data provided by the U.S. Bureau of Labor Statistics note that food prices are up due to demand. The food index rose in December, as both food at home and the food away from …
Grain Prices Spiked Ahead of USDA Report
With the USDA expected to issue a report Jan. 12 reducing its domestic corn stock outlook, grain prices spiked with corn prices nearing $5 per bushel Jan. 5. The increasing prices could signal a boon …
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Trade Improves Between U.S. and China
China has started buying U.S. supplies of soybeans from next year’s crop much earlier than usual, reported Bloomberg (Dec. 7). The world’s top importer is loading up on U.S. crops, including corn and soybeans, to …
U.S. Trade with China Improving, Lifting U.S. Farmer Prospects
China accepted its first-ever commercial container of U.S. rice in history, creating cautious optimism with rice growers across the U.S., reported Western Farm Press (Nov. 3). The shipment was received as Chinese buyers await the …
Commodities Navigating Through Coronavirus Losses
Commodities, such as cheese and lemons, are still facing issues caused by the coronavirus pandemic. Cheese The U.S. cheese industry is reeling after months the pandemic causing upheaval in prices and demand, reported The Wall …
First-Ever Water Futures Will Hedge Price Risk
CME Group Inc. and Nasdaq Inc. are planning to launch a futures contract later this year that will allow farmers, speculators, and others to wager on the price of water, reported The Wall Street Journal …
U.S., Brazil, and China: Commodities Amid Coronavirus
The U.S., Brazil, and China form an interesting trade triangle when it comes to certain commodities, and the coronavirus pandemic has added new wrinkles into the balance. China was the first country to experience the …
Taking Vertical Farming to New Heights; Discover Marketing Opportunities for Disruptor and Traditional Brands
The food industry is facing unprecedented disruption with traditional manufacturers and producers often edged out by artisanal brands and new ventures backed by VC and other forms of unconventional capital. This webinar will feature one …