Blog

Where’s the beef? (& pork)

In 1984, Wendy’s debuted their iconic “Where’s the Beef?” commercial, starring Clara Peller as an old lady demanding more beef on her hamburger. Fast forward 36-years, and Wendy’s is once again asking, “Where’s the beef?”, but this time it’s about the literal beef…. Last week, a survey of online menus revealed 18% of the Wendy’s franchise listed beef items as out of stock – and if the largest fast food chains are being affected by lack of supply, what about your local stores? via GIPHY The American meat industry is the envy of the world and has evolved over the ...
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Ag Markets Update: May 1-7

Corn planting continued at a great pace around the country in the last week as weather has stayed favorable in some of the largest corn growing states. Weather looks good into the end of May for planting in most areas which would be bearish for the market. The next USDA report comes out on May 12th which will give some more insight into the supply and demand for the rest of the year. If you’re looking for any positive corn news in the short term, keep an eye out for updates on ethanol production, crude oil demand, and unexpected weather ...
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Ag Markets Update: April 22-30

Corn planting has accelerated in the last week with planted acres now at 27% complete. This is 7% ahead of the normal pace and well ahead of where we were at this time in 2019. Still ahead of last year’s pace, the acres planted in the Eastern Corn Belt is lagging behind the rest of the country as they are stuck in a wet and cool weather pattern slowing their efforts to get in the field. As you can see from RJO’Brien’s U.S. Corn Planting Progress, the leading corn planted states are: MN at 40% IA at 39% IL at ...
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The return of the AG

We’ve talked recently about African Swine Flu sending the Hog market for a ride, and that’s just the sort of thing we imagined in our 2019 Outlook whitepaper when we talked about the “return of Ag.” There’s been four straight years of volatility contraction for the Ag markets, and there’s a real threat that the increasingly connected global food supply and increase in the volatility of the weather causes some outlier moves in Ag markets. Enter Bloomberg, with their Pessimist’s Guide to 2019: Fire, Floods, and Famine, a sort of worst case scenario they imagined where record forest fires, bigger ...
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The ‘right twice a day clock’ that is gold.

We have long been in the Warren Buffet camp in relation to Gold: “Gold gets dug out of the ground in Africa, or someplace. Then we melt it down, dig another hole, bury it again and pay people to stand around guarding it. It has no utility. Anyone watching from Mars would be scratching their head.” Gold sort of acts like the proverbial clock that is right twice a day, and (which is rarely said) wrong the other 1,438 minutes. Gold Bugs were finally proven right for 10 years between 2001 and 2011, after waiting for a dozen or more ...
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What-It-Takes-To-Feed-The-W

Did you know that by 2050, the world is expected to feed almost 2 billion more people than we do today? As the global population continuously rises, a significant amount of food will need to be produced over the next 30 years.