Date : 17th Mar 2020
In this issue, global recessionary fears have spilled over to negatively impact commodity markets. This fearful selling is providing end-users with an opportunity to capture input prices far below budgeted levels in many cases. In USDA’s livestocks analysis, it increased its forecasts for production of each of beef, pork and poultry. Over 24 food and grocery executives held a phone call with President Trump Sunday to discuss various food supply chain factors during the COVID-19 outbreak. The companies “are working hand-in-hand with the federal government, as well as state and local leaders, to ensure food and essentials are constantly available,” Spokesman Judd Deere said.Download
Date : 18th Feb 2020
In this issue, the coronavirus threat is affecting markets and creating worries over China's fulfillment of the Phase 1 trade deal. The Cattle on Feed Report estimated the largest inventory of cattle January 1 on lots since 2007. USDA’s Economic Research Service (ERS) anticipates that net farm income will likely increase $3.1 billion (3.3%) to $96.7 billion in 2020 and much more.Download
Date : 15th Jan 2020
In this issue, China and the U.S. sign the phase one deal today. The View From Here is "The Commodity Markets May Be Coming Back." USMCA should be passed by the Senate today or tomorrow. USDA is thinking about holding the last MFP 2 payment to see how the markets react to the signing of the phase one deal with China.Download
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