Investors are most interested in maximizing their return on capital. It is notable that across 97 different industries, the agrifood sector is a mixed bag. Tobacco is tops across all industries, not just food and agriculture. Other highly protected industries at the top include shoes and steel. Food processing, including beef, is about a third of the way down the list, with food retail not looking very attractive by comparison. Some of the worst performing over the recent period were industries hit by the Covid-related economic coma including: banks, oil/gas, coal, hotel/gaming and air transport.
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What You Need to Know Today: Markets got a surprise with a corn yield of 181.2 bushels/acre in the October WASDE, above the average estimate of 177.6 bushels/acre and up from USDA’s September estimate of 178.5 bushels/acre. Although stronger demand is expected to absorb some of the addit...
Key Takeaways: On Friday afternoon, President Trump announced that Russia will “immediately supply over 300,000 Tons of Diesel Fuel” to the United States. The deal, typical of this administration, is light on details but promises an additional 500,000 tons in November and 1 m...
The USDA has lowered its 2026 red meat production forecasts slightly while forecasting a slight increase in broiler production. Beef is now projected at 24.802 billion pounds, 75 million pounds less than in September. Cow slaughter is expected to be up; however, this will be offset by lower ste...
