USDA release its Food Expenditure series data today through 2021. It is interesting data to look at given the current inflationary environment for food and the COVID pandemic and other perceived trends. The chart below shows the total consumer spending purchases for the “food at home” category is up by 15.7 percent versus purchases from various outlets.
Grocery sales, club stores, farmers markets, and direct sales from manufacturers (think meat locker plants, specialty and fancy foods - or more generically, local food) all rose around the same 13 to 14 percent, somewhere under the average. Other categories not included in the above chart were “other” stores (also up about 14 percent) and convenience stores (up abo...
What You Need to Know Today: Commodities were mostly lower across the board today after yesterday’s Federal Reserve meeting hinted at a potential interest rate hike later in 2026. The dollar index reached its highest level in over a year, and a strong dollar makes U.S. agricultural expor...
Tomorrow is the Juneteenth federal holiday, and the USDA, along with the rest of the federal government and the CME, will be closed, so the monthly Cattle on Feed report was released a day early. The total number of cattle on feed in feedlots with 1,000 head or more capacity on 1 June amounted...
