Brazilian Fed Cattle Prices -January 2020

Brazilian fed cattle continue their high prices due to strong demand from exports (China), as well as tight supplies. Average year-over-year prices in January were up +16% over 2019, but noting a monthly decline from December of -$0.63 per lb, or -8.3%. With such a large shortage of pork in the world, substitutes like beef…

Rising Global Food Prices

According to the FAO, the November 2019 FPI reached a 26 month high in global food inflation. One of the largest impacts these rises have is on developing countries where vulnerability to price changes is highest. Next week will see updates and revisions, with increases expected.