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
Secretary Rollins also met with specialty crop producers at a local strawberry farm to discuss workforce needs and the Trump Administration’s recent wins related to significantly cutting the cost of H-2A labor for California farmers.
USDA flash corn sales, Cattle on Feed and Inventory reports, and beef packer antitrust concerns dominate January agricultural market news.
Larger grain stocks increase supply pressure, but strong fall disappearance — especially for corn and sorghum — suggests demand remains an important offset.
Record corn and sorghum crops boost feed grain supplies, while reduced soybean and cotton production tighten outlooks for oilseeds and fiber markets.
Food prices increased in December, but not as much as expected, according to the latest Consumer Price Index from the U.S. Bureau of Labor and Statistics.
Lewis Williamson with HTS Commodities joined us to provide analysis on the January WASDE report and expectations for grain markets going forward.
