North American Agribusiness Review April 2023
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 recent banking turmoil has complicated monetary policy for the Fed.
- Logistics: Reefer rates strong while dry container rates tumble.
- Consumer Retail & Foodservice: Slowing inflation but persisting pressure on consumers’ pockets.
- Cattle: Market prices make new highs in the US and Canada on tighter cattle supplies and adequate demand.
- Corn: Planted area expected to increase 4% but all eyes on weather.
- Dairy: Lower prices persist as Northern Hemisphere output reaches seasonal peak.
- Farm Inputs: Accelerated changes in farming practices?
- Feed: Soybean meal prices remain strong.
- Fruit: Elevated strawberry prices.
- Pork: Producers struggle as consumption continues to disappoint.
- Poultry: Chicken markets remain sluggish on depressed white meat sales.
- Soybeans: Strong prices, high interest rates and uncertain demand prompt hand-to-mouth buying.
- Sweeteners: Balance sheet and sugar prices are not on the same page.
- Tree Nuts: Almond prices improved, then stabilized as the industry awaits the estimate for the 2023 crop.
- Vegetables: Inclement California weather causes disruption upstream and moves prices, counter-seasonally, higher.
- Wheat: Keep your head on a swivel.
Download previous editions
North American Agribusiness Review - February 2023
North American Agribusiness Review - October 2022
North American Agribusiness Review - August 2022
North American Agribusiness Review - June 2022
North American Agribusiness Review - April 2022
North American Agribusiness Review - February 2022
North American Agribusiness Review - October 2021
