This periodical update provides a market outlook for dairy, cattle, wheat, and other key commodities, and gives an overview of what developments to watch in the upcoming months in North America.
Economy: The cutting cycle has started.
Climate: Winter surprise.
Logistics: North American supply chain recovers from weather and labor disruptions.
Consumer: Declines in restaurant demand continue, food inflation ticks higher, and private label has room to grow.
Cattle: Shifting precipitation patterns alter North America cattle supply trends; US beef demand remains strong.
Corn: Inflation Reduction Act extends an opening to Brazilian ethanol imports.
Dairy: Milk production marks 14th consecutive decline in August, but Class III milk price hits 27-month high.
Farm Inputs: Strait of Hormuz: The nutrient highway.
Feed: DDGS prices settling below the five-year average.
Fruits: Apple prices shift from downward to upward trend for some varieties.
Pork: Steady markets as supply and demand remain well-balanced.
Poultry: Chicken prices remain ahead of year-ago on strong consumer trends.
Soybeans: Soybean market under pressure from multiple factors.
Sweeteners: Weather added concerns to the US sugar sector, but all is fine.
Tree Nuts: Mostly bullish trends at the beginning of the 2024/25 marketing year.
Vegetables: US potato production forecast adjusted downward for 2024.
Wheat: Prices low for now, but watch for shifts.
Cotton/Rice: Tropical storms slam southeast, but price support proves fleeting/Record ending stocks for major exporters.
Download the full report
NA agribusiness review October 2024
Be the first to comment