According to Kansas State University’s Meat Demand Monitor, the willingness to pay for meat in November versus October is down among five items monitored in the retail sector, led by pork chops, followed by ground beef and chicken breasts.
In food service, however, the willingness to pay increased for ribeye, ground beef, and chicken breasts, while pork chops were down; bacon is not covered under the food service demand survey. Further, only 15 percent of those surveyed indicate their household finances are better than last year which has led to more concern about prices in the grocery store. Consumers reporting their finances are the same was 45 percent, and those reporting worse financial circumstances was 40 percent...
What You Need to Know Today: There has already been a strong run of flash soybean sales announcements in recent weeks, but more than 1.4 MMT reported this morning is an exceptionally large single-day total with major implications for the market. If the sales to China and unknown destinations w...
On Friday, at 6:57 AM, President Donald Trump announced, via a social media post, a 90-day window during which up to 300,000 metric tons of product for ground beef could be imported outside of tariff-rate quotas—a move aimed at bringing down costs for American consumers. This is the secon...
