Soybean prices fell from an eight-week high on expectations that crops will benefit from favorable soil moisture in Brazil and rain this week in Argentina. Soybeans for delivery in January lost 0.3% to $13.15 a bushel
About 40% of all fruits and vegetables grown in the U.S. are thrown away, straining landfills and wasting the resources used to produce them. Through creative thinking and communication, much of that food waste can be diverted to food banks, animal feed, composting operation or energy generation. A panel involved with waste reduction shared their experiences at the 2013 Fresh Summit, Oct. 18. Since the recession, food banks have seen a 46% increase in demand since 2006, said Lisa Davis, vice president of public policy for Feeding America, Washington, D.C And food insecurity, as she called it, hasn’t declined even as the economy has rebounded.
Beef/Cattle: Prospects for a large corn crop, good prospects for wheat pasture this winter, and anticipation of higher prices for fed and feeder cattle all combine to present a more positive outlook for cattle and beef sectors and opportunities for beginning to expand the national beef cow herd. Beef/Cattle Trade: U.S. cattle imports through August are down 20 percent from a year earlier and are expected to fall 15 percent for the year. The forecast for U.S. beef imports in 2013 and 2014 were lowered due to weaker shipments this year and tight global supplies expected next year. Beef exports have increased year-to-date, especially to Japan and Hong Kong. As a result, the 2013 forecast for U.S. exports was raised to 2.458 billion pounds.
Robusta coffee fell for a second day in London after rallying the most in seven weeks last week on falling stockpiles and slow exports from Vietnam, the world’s largest producer. Cocoa advanced.
The beans used to make instant coffee and espresso gained 4.3 percent through Nov. 22, the most since the seven-day period ended Oct. 4. Inventories in warehouses monitored by NYSE Liffe slid 8 percent in the two weeks to Nov. 11, while shipments from Vietnam are forecast at 94,000 metric tons this month, data from the Ministry of Agriculture and Rural Development showed, 23 percent lower than a year earlier. Prices slid 1.4 percent in the last trading session.
If you haven't gotten pecans for the holidays, you had best get cracking.Heavy rains earlier this year have put a big dent in South Carolina's pecan crop, and, as demand increases, including from China, prices for the prized holiday nuts are likely to rise. Perry Arant, whose OMC Feeds company shells the sweetmeats for small growers, says his storeroom should be bursting this time of year. "We've hardly seen any nuts yet," said Arant during a recent tour of his "Nut House" in Orangeburg.” How Transportation Costs Affect Fresh Fruit and Vegetable Prices
Fuel prices, understood to be a major driver of food prices in the United States, can have significant impacts on food price levels and volatility. Since consumer demand for fruits and vegetables has been proven to be price-sensitive, fuel price surges could significantly reduce U.S. consumption of fresh produce, at least in the short term. There has been little empirical research to calculate the magnitude of fuel price changes on food prices and how this effect might vary across markets, based on transportation distance or commodity attributes. This study analyzes the relationship between fuel prices and wholesale produce prices using data for 2000-2009. Fresh produce provides particularly clear insight into the effects of transportation costs on food prices, because fruits and vegetables typically have few processing or other non-transport expenses and they have clear geographic origins.
Expect Protein Prices to Rise
Pork prices were up 0.4 percent in September over the previous month and also reflected a 3.2 percent increase year-over-year, according to USDAʼs latest consumer price index data. Poultry prices reflected a similar bump, rising 0.3 percent in September over the previous month and jumping 5.9 percent compared to September 2012. Beef and veal prices, meanwhile, took a hit in September, falling 0.3 percent over August despite a slight 1.7 percent increase year-over-year. Meat prices — a component of the consumer price index for food at home — are forecast to rise 1 percent to 2 percent this year, after climbing 3.4 percent in 2012 and 8.8 percent in 2011. The forecast for 2014 remains conservative but has prices for all three major proteins rising slightly. Beef and veal prices are projected up 2.5 to 3.5 percent, while pork is seen up 2 percent to 3 percent, and poultry is projected to climb 3 percent to 4 percent.
Tyson Foods Inc said it halted purchases of slaughter-ready cattle from Canada as of mid-October due to higher costs associated with mandatory country-of-origin (COOL) labeling, a company spokesman said on Thursday. Tyson, the biggest meat processor in the United States, will continue buying Canadian feeder cattle that are finished for market at U.S. feedlots, Tyson Foods spokesman Worth Sparkman said in an email. "Like many others in the North American beef industry, we're very disappointed by the changes made in the U.S. country of origin labeling rules," He said COOL significantly increased the company's costs for additional product codes, production breaks and segregation of product. That product sorting includes a separate category for cattle shipped directly from Canada to U.S. beef plants, Sparkman said. In early September, a U.S. district judge refused to block the government from requiring labels on packages of beef, pork, poultry and lamb sold in U.S. stores to include more specific information about the meat's country of origin.
US Red Meat Production Down in May
Commercial red meat production for the United States totaled 4.15 billion pounds in May 2013, down 1 percent from the 4.18 billion pounds produced in May 2012, according to USDA’s monthly Livestock Slaughter report. Beef production, at 2.23 billion pounds, was slightly below the previous year. Cattle slaughter totaled 2.86 million head, down slightly from May 2012. The average live weight was up 9 pounds from the previous year, at 1,289 pounds. Veal production totaled 9.1 million pounds, 12 percent below May a year ago.Calf slaughter totaled 58,200 head, down 2 percent from May 2012. The average live weight was down 29 pounds from last year, at 266 pounds.
A Weekly Market Update...
Volume No. 18 Issue No. 46
Date: November 26, 2013
An informative weekly fact sheet for the produce professional...
A report on current cattle markets...
National Weekly Pricing Report
Prepared for the School Nutrition Association...
Dairy Market News
Date: November 8th, 2013
National FOB Review
Date: November 8, 2013
National Shipping Point Trends
Date: Tuesday, November 5, 2013
USDA Egg & Poultry National Weekly Review
Date: Thursday, November 7, 2013
Broiler Market News Report
National Broiler Market At-a-Glance
Information Provided by General Mills Bakery Flour
Key Commodity Report
Commodity Activity Updates
A Variety of Informative News 'Snippits'
Market Report provided by American Restaurant Association
NOAA Fish News
Provided by NOAA Fisheries
Friday Blue, A National Carlot Meat Report
Provided by the USDA
The "Daily" Livestock Report
Sponsored by the Chicago Mercantile Exchange
YOY (Year Over Year)
Market Tables outlining current 2013 market prices versus 2012
December 05, 2013
Eye On The Market for 2013
Produced by JPMorgan Chase & Co.
- - Planting and Harvest Dates
- - Amber Waves
- - USDA Quality Standards
- - NOAA Fisheries Species Information Service
In our work it's important that we keep up to date with the most current data and there are many other sources of information out there and these are but a few that we use...