Silver Lining It is easy to be depressed amid the COVID-19 crisis. Predictions include:
Global agricultural trade will shrink 12.7 percent this year.
Globalization will decline.
The European integration project is at risk. (Italian Prime Minister Giuseppe Conte)
Half a billion people will go into poverty.
Etc.
However, there are some positives. Food supply chains and safety systems have not broken down. Since people cannot gather, there are no massive angry protests, there are no incessant political commercials, divisive issues like climate change, green deals and ripping up conventional agriculture have been set aside to focus on saving lives. Economy and Long-term A major downside of battling COVID-1...
Key Takeaways: Dry bulk markets remain mixed with Capesize vessels seeing continued pressure from weaker demand while fixtures and rate strength gradually increases towards the smaller vessel classes. Tanker markets are pulling back from their recent highs as tonnage moves out of the Mid...
The Trump import plan for 300,000 MT of beef supplies used for ground beef, i.e., lean trim, from September through November has, according to Secretary Brooke Rollins, brought some relief to beef prices. The Executive Order states that the Secretary of Agriculture will analyze and review the m...
Key Takeaways: Texas illustrates the assumptions underlying the 2025 FMMO reform; Idaho exposes their limitations. The Southwest order blend (roughly 27 percent Class I, 32 percent Class III and 31 percent Class IV) exposes Texas producers to every lever USDA adjusted, with a near-neutral proj...
