NASHVILLE, TENN. (RFD NEWS) — After five straight months of decline, the FAO Food Price Index, released on Friday morning, shows increases in several areas. The overall index gained just under one percent.
Cereals, meats, and vegetable oils all saw gains, offsetting declines in dairy and sugar. Sugar saw the largest decline at 4.1 percent, hitting the lowest level since October 2020.
The vegetable oil index saw the largest gain, up 3.3 percent on the month.
Cereals gained 1.1 percent while the meat index rose 0.8 percent.
Related Stories
The lower outlook follows months of drought stress across major winter wheat regions, where some producers have abandoned fields or shifted acres to grazing instead of harvest.
Cattle producers may get some credit relief, but land and facility borrowing costs likely remain high.
Ethanol plants kept production steady, but softer gasoline demand and lower exports may limit near-term momentum.
The uncommon delivery has kept one farmer busy caring for four newborn kids at once.
Aimee Bissell discusses Iowa planting progress, weather conditions, fertilizer costs, and concerns over early crop development.
Dr. David Anderson says lean beef demand and lighter cow culling are still giving cull cow prices room to push higher.
