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...
The U.S.-Mexico-Canada Agreement (USMCA) enters its mandated six-year review on 1 July. The original intent of the review is outlined in Article 34.7, which obligates members to: Provide recommendations and decide on appropriate actions. Extend the USMCA for another 16 years and meet aga...
Key Market Insights Geopolitical Limbo: Geopolitical risk remained a key driver across global commodity markets today. President Trump stated that the Iran memorandum of understanding is not yet final and warned that military action could resume if negotiations fail. Both sides continue w...
Key Takeaways: Drought remains a major threat to global agricultural production, particularly in regions with limited rainfall and growing water scarcity. Commercially available drought-tolerant traits in corn, soybeans, and wheat have generally delivered modest yield improvements, limiting th...
