The year 2020 has been popularly characterized as the year of meat alternatives. Media coverage of these new alternative products has been persistent, and mostly positive. COVID has reportedly made consumers more health conscious, and there is increased understanding about damage to the environment caused by livestock production. Yet meat production and exports appear to be doing just fine. Going into the holiday months of November and December, U.S. beef packers have ramped up production to record levels (see graph below). It might all be for not, but monthly data on beef in cold storage has tracked lower since this past summer relative to the recent past.
Meat alternatives likely have less appeal to populations that are only rec...
What You Need to Know Today: USDA reports are delayed until Tuesday due to the federal holiday on Monday. Over the weekend, President Trump announced a ceasefire between Russia and Ukraine. Russia warmly welcomed and confirmed this ceasefire by conducting more strikes against Ukraine. Specific...
On Saturday, 10 October, at a campaign rally in Clarksville, Tennessee, President Trump said that the U.S. and Mexico would come to terms on a new trade deal, and he said Canada does not need to be part of the deal. Trump called the coming agreement with Mexico “great” but gave no d...
Key Takeaways: The United States has steadily lost global wheat export market share since the 1970s, falling from the world's leading exporter to a projected fifth place in 2026/27. The rapid expansion of Black Sea wheat exports, driven by improved productivity and export infrastructure, has r...
