With the Christian holy day of Easter upon us and Easter egg hunts typically in order, one would expect a seasonal change in demand. Poultry eggs are considered the near-perfect food. Packed with nutrients including protein, versatile and affordable. Global production grows at a decent rate of 2.82 CAGR but global trade is erratic, peaking in 2015 and 2016 but otherwise relatively flat. There was a seasonal trade peak in March of 2017, but that was an anomalous and overall volatile year for the egg trade. Seasonally, the bias is for the end of the calendar year. Again, 2015 and 2026 both had outsized increases in global trade toward the end of the calendar year but that has not been replicated since.
Over 70 percent of poultry eggs are p...
What You Need to Know Today: Russia rejected calls for a ceasefire in the Black Sea, including a proposal to halt attacks on civilian shipping that could help restore grain flows from Ukrainian ports. Tyson Foods announced plans to permanently close its Joslin, Illinois, beef processing facili...
The big news in the cattle markets yesterday was Tyson Foods’ move to close two more beef plants. One of them, the Joslin, Illinois, plant was shuttered immediately after the announcement. The other, in Eagle Mountain, Utah, is a case-ready plant that does not slaughter cattle. Tyson also...
The Bureau of Labor Statistics (BLS) released the Consumer Price Index (CPI) on Wednesday. In July, the CPI rose 0.1 percent, seasonally adjusted, and rose 3.4 percent over the last 12 months, not seasonally adjusted. The index for all items less food and energy, or the “core” infla...
