The OECD’s recent World Agricultural Outlook 2023-32 report notes that meat consumption is declining in affluent countries. The reasons cited include concerns about animal welfare, the environment and health. Those concerns may be true, but it also correlates with the fact that the median age in rich countries is rising, and humans need less animal protein as they move beyond age 30. Older adults tend to consume more carbohydrates for basic energy rather than tissue-building protein.
It is important to note that during adolescence and early adulthood, males consume considerably more animal protein than females. The OECD follows recent trends and predicts that poultry meat will increasingly replace some of the intake of beef a...
What You Need to Know Today: The hot, dry weather forecast continues to drive strength in grain futures with corn and soybeans hitting another day of strong gains. Monday’s Crop Progress and Conditions data were in line with market expectations and showed relatively few concerns for the...
Yesterday we wrote about the Q1 GDP numbers and the June employment reports in an article entitled Real GDP for Q1 Relying on AI Buildout, Held Back by Consumer Spending. That article mentioned that consumer spending had become a drag on GDP. Nonetheless, real GDP in Q1 was revised upward to 2...
