Jul 23 2021

Good afternoon to all, Eggs: The egg market remained stable this week. At this point, there are no factors pushing the market. Possibly the next upward pressure on markets will be the reopening of schools. Butter: While the market bounced around a bit this week, it dropped a bit today. The close was still higher

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Jul 13 2021

Industry News – Shipping Delays and Higher Rates Get Small Businesses Jammed Up

Small importers bear the brunt of snarled supply chains; ‘$17,000 and it won’t move until September’ Wall Street Journal By Costas Paris July 11, 2021 11:00 am ET Video: LA port backup reflects larger supply-chain issues Long waits for merchandise deliveries and crippling costs are hobbling the efforts of small and midsize businesses across the

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Jul 07 2021

Industry News – Grasshopper infestation ravages drought-stricken West

Infestation could cost hundreds of thousands of dollars in agricultural losses By Peter Aitken | Fox News The western United States, already stricken by a severe drought, now has a plague of grasshoppers to contend with. Agriculture officials have launched the largest grasshopper-killing campaign since the 1980s as the insects’ strip an already ravaged land.

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Jun 28 2021

Industry News – Shipper Fury as Container Freight Rates Soar

Shipper Fury as Container Freight Rates Soar June 27, 2021 By Mike Wackett (The Loadstar) – Short-term freight rates from China to North Europe have breached the $20,000 per 40ft mark, while transpacific carriers are quoting rates of up to $25,000 to the US west coast. And there was one report of $32,000 from Shanghai to Los

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Jun 28 2021

Dave’s Weekly Market Update

  Good afternoon, Eggs: The egg market is very low due to lackluster demand. Agricultural producers are losing money as grain costs soar. Butter: In this week’s market, there was downward pressure, and there was little movement at the CME. We may see more declines next week. Inventories are strong and demand is not high

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Jun 18 2021

Dave’s Weekly Market Update

Happy Friday!   Eggs: The egg market remained steady this week. Retail demand is sluggish and foodservice demand for breakfast is just not back to pre-pandemic levels. Next week should be more of the same. Butter: After a slight increase on Monday, butter prices were steady. In my opinion, we will remain within this range

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Jun 15 2021

Industry News – Food Supply Chains Are Stretched as Americans Head Back to Restaurants

“Demand has changed too. Restaurants that remained open slimmed down their menus during the pandemic and shifted from fresh ingredients for salad bars and buffets to using more prepackaged foods for takeout and delivery operations. Manufacturers cut down on product range, offering fewer varieties of breaded chicken tenderloins, for example, while meat processors reduced production output to meet Covid-19 safety standards.”

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Jun 14 2021

Good News – USDA to invest over $4B to strengthen the food supply chain

A.B. Brown  Associate Editor @ FoodDive   The U.S. Department of Agriculture announced it is planning to invest over $4 billion through the Build Back Better Initiative to make critical supply chains stronger, aid food production and processing, improve food distribution and storage, and ensure equitable market access for food producers.   USDA’s efforts are an attempt

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