A French fry shortage is now expanding into a tomato shortage. The U.S. production of potatoes had been expanding even as the acres harvested declined due to increased yields. However, last year’s crop was reduced in size by high heat, and the crop being harvested this month was delayed by a cool spring that slowed growth. The Russet Burbank and Shepody varieties grown in Canada and the U.S. are prized globally for frying due to their low water content.
With global demand for French fries now expanding, the supply of potatoes and processing needs to be expanding, yet it has been flat at best.
Now adding to the food supply concerns is a 5 to 10 percent cut in California tomato production due to this year’s droug...
What You Need to Know Today: The corn and soybean markets closed slightly higher in low-volume trade. The wheat market was mixed, with HRW continuing its downward trek on improved moisture. As expected, the bearish cattle on feed report drove down cattle prices and pulled hogs down with it. Mi...
Monday, 25 May is a U.S. holiday, and both the markets and our office will be closed. Please note that the next issue of Ag Perspectives will be published on Tuesday, 26 May. The WPI staff wishes everyone a safe and enjoyable holiday weekend...
USDA’s monthly cattle on feed report was released today. The total number of cattle on feed in feedlots with 1,000 head or more capacity amounted to 11.6 million head, 102 percent of last year. Source: USDA, WPI Placements were up, but part of that is attributable to persistent drought c...