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ANALYSIS: Beef All-Fresh Retail Continues to Climb with Wholesale Gains
We have continued to talk about food price inflation across wholesale levels as many items in the Urner Barry price quotation universe are...
ANALYSIS: Price Inflation Across All Urner Barry Indices
Price inflation remains top of mind for many. Supply constraints across all proteins combined with robust demand has...
Food Price Surge is Unlikely to Revert
Agricultural commodity prices have surged almost 50% since mid-2020, causing concerns over food price inflation around the world and sometimes resulting in increased export taxes and quotas by producers at a time when importing countries want to import more.
Rabobank can identify four major factors driving the surge across agri commodities that will remain active in 2021: 1) US dollar weakness: Rabobank forecasts the US dollar to remain soft through 2021 (US dollar index -7% lower since mid-2020), but no further weakness is expected. 2) Weather: La Niña could extend into the US spring planting season. 3) Global demand: Good global demand (either for animal feed or storage) to continue through...
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