Business Insider: A Looming Shortage Of Bacon And Hot Dogs Could Leave Big Cookout Plans Up In Smoke For July Fourth When Most Americans Are Vaccinated
Published April 11, 2021
Senior Animal Protein Analyst Christine McCracken predicts increased demand for pork products this summer, especially as vaccinations pick up. “BBQs and family gatherings are going to be a nice way of reconnecting and will be a big driver of meat demand in the coming months,” she tells Business Insider. However, hog supplies are lower due to reduced production last year and higher disease losses this past winter. Short supplies coupled with increased demand will likely drive prices higher, she says.
Grocery Dive: Albertsons Adds Sustainable Wines To Private Brands Portfolio
Published April 8, 2021
Albertsons announced in April that it would be adding a new line of sustainable wines to its private label selection. Beverages Analyst Bourcard Nesin says that wine’s strong ties to land and agriculture make it a prime product category to further sustainability branding. “Clearly Albertsons is picking up on signals that at least some of their wine consumers are highly motivated by sustainability,” he tells Grocery Dive.
Bloomberg: Tweets, Receipts And Peloton Riders: Foodmakers Embrace Big Data
Published April 5, 2021
Senior Consumer Foods Analyst Nick Fereday talks with Bloomberg about how Big Food companies are finding creative new ways to attract consumers, leveraging social media and e-commerce data to uncover relevant customer insights. “They are playing in an area that traditionally we assumed the small brands had an upper hand in because they are more socially savvy,” he says.
Financial Times: US Futures Traders Gorge On Cheddar Amid Race To Lock In Supplies
Published April 26, 2021
Cheese prices are rising due to concerns about lower milk production this year, according to Global Dairy Strategist Mary Ledman. Prices have remained firm despite an increase in cheese production capacity, reflecting a robustness of the cheese market, she tells Financial Times.
DTN/Progressive Farmer: Waiting On Ag Chemicals
Published April 23, 2021
Shipping backlogs and pandemic-related delays are contributing to a shortage of herbicides and fungicides this spring, according to Farm Inputs Analyst Sam Taylor. Internationally, wholesale prices for glufosinate and glyphosate have increased 50% in the last year, and these costs are getting passed on to farmers, he says. While production and shipping will eventually catch up to demand, farmers might still experience local shortages of chemicals throughout the season.
Bloomberg: Feeding Chickens Is So Costly It’s Changing Global Trade Flows
Published April 29,, 2021
Senior Grains and Oilseeds Analyst Stephen Nicholson talks with Bloomberg about how the surge in grain prices is upending global trade flows. Large chicken producers have shifted to buying soybeans instead of grain, importing from Brazil as U.S. supplies dwindle. “When prices get high and supplies are tight you tend to get out of the ordinary moves,” he tells Bloomberg. “Importing soybean into the U.S. is a psychological blow to the market and sometime backs price down.”
Rabobank Group is a global financial services leader providing wholesale and retail banking, leasing, and real estate services in more than 40 countries worldwide. Founded over a century ago, Rabobank today is one of the world’s largest banks with over $640 billion in assets. In the Americas, Rabobank is a premier bank to the food, agribusiness and beverage industry, providing sector expertise, strategic counsel and tailored financial solutions to clients across the entire food value chain. Additional information is available on our website or on our social media platforms, including Twitter and LinkedIn.
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