Supply Chain
Rail backlogs in the United States are delaying shipment of grains as well as processed flour and corn syrup, contributing to the national problem of inflation, food and grain companies said at a hearing this week.
Increased regulation and the search for better work-life balance are two factors leading to a shortage of truck drivers in the U.S. Walmart is now increasing the starting salary for drivers to try to attract new people.
Easter egg supplies could be at risk due to the expanding outbreak of Highly Pathogenic Avian Influenza
USDA now expects food price inflation in 2022 to be from 4.5% to 5.5%, compared with 2021, based on the all-food Consumer Price Index. No category shows a potential decline.
The Northwest Seaport Alliance is partnering the USDA to bring the Port of Seattle a 49-acre pop-up site that will accept both dry and refrigerated agricultural products for temporary storage.
Rep. Garamendi says the USDA partnership with the Port of Oakland “isn’t going to solve the problem” because shippers deliver product to the U.S. and leave ports with empty containers.
The report found nitrogen accounts for more than 50% of fertilizer costs for a corn producer at $117 per acre.
As U.S. consumer spending and excess savings are both on the rise, John Phipps says the pandemic stirred up the status quo, and now there’s a key question economists are asking as the calendar flips to 2022.
President Biden planned to meet with chief executives of major retailers and companies to discuss how to move goods to shelves as the U.S. holiday shopping season begins in the shadow of the Omicron coronavirus variant.
Inflation is effecting consumers across the country. And as Americans prepare to gather for Thanksgiving this year, it will cost most Americans more than it did last year, but not the highest price ever.
What do a Thanksgiving turkey and a canary in a coal mine have in common? More than you might think—this year’s turkey has a warning.
USDA Secretary of Agriculture Tom Vilsack announced on Monday the investment of $32 million in grants awarded to 167 meat and poultry slaughter and processing facilities to support expanded capacity and efficiency.
One result of the pandemic was a spike in savings rates. In the U.S. last April, Americans collectively saved a record 30% of their income. John Phipps looks at China’s savings rate and what it’s meant for exports.
Members of the United Auto Workers Union (UAW) approved a new six-year deal on Wednesday with a 61% vote. The new agreement includes a signing bonus, wage increases, as well as enhanced retirement options.
Tyson Foods Inc beat quarterly profit estimates on Monday and forecast fiscal 2022 revenue above market expectations on rising meat prices and improving demand from restaurants that reopened after COVID-19 restrictions.
Inflation levels are now at levels the U.S. hasn’t seen in three decades. The latest Consumer Price Index (CPI) showed a 6.2% spike over the past 12 months, the largest increase since 1990. Beef prices are up 20%.
After months of negotiation, the House passed the $1.2T infrastructure Bill. With $550 billion in new spending, from roads and bridges to a boost to broadband, we look into what’s in the bill for agriculture.
If you walk into the grocery store today, the average American will fork over $7 per pound for bacon. The record prices may not be over yet, but pork producers aren’t winning with the run-up in bacon prices, either.
As labor woes continue to cripple meat processing plants, Missouri is rolling out a unique concept to answer many processors’ biggest need. The classroom on wheels will provide workforce development at a pivotal time.
U.S. tractor maker Deere & Co agreed on a new six-year contract with the United Auto Workers (UAW) union that would be subject to a vote by the company’s striking workers, the company said in a statement on Saturday.
The price shoppers pay for items like meat at the grocery store are expected to continue the rapid rise. An updated Consumer Price Index shows wholesale beef prices could increase 20% this year.
Supply chain issues are becoming one of the biggest concerns for agriculture, and some economists say as the bottlenecks reach a critical point, it could take at least a year to remedy chaos in the global supply chain.
Case IH-New Holland Parent Company Forced to Idle Production in EU Due to Shortage of Semiconductors
CNH Industrial announced this week its temporarily shutting down several of its European manufacturing plants that produce agricultural equipment. CNH says it plans to shut down the facilities for eight days this month.