COW News and Press, iPathA Series B Bloomberg Livestock Subindex Total Return ETN From 08/17/22

The energy sector led during the month of July, providing almost all of the positive performance due to a strong rally in natural gas prices. The heat wave from late June into early July in the lower Midwest U.S. killed cattle, quickly reducing supply. However, both cattle and hogs ra...

The differing supply-demand dynamics of the domestic pork and beef markets are reflected in the divergent forward curves of CME Lean Hog and Live Cattle futures. Beef supply could tighten in the coming year due to falling domestic production and lower carcass weights, while pork produ...

National media has picked up the narrative of massive shifts of cattlemen and women pushing to unload their head of cattle as quickly as possible. This was true almost three weeks ago, as we saw year-over-year the number of head almost double, as indicated by the USDA total head moved...

Commodities had a sharp pullback in the month of June. The industrial metals sector led the decline, falling 14% in the month of June. Near-term markets are adjusting to slower global growth expectations and fears over the demand outlook. Commodities took a dip in June, ...

Food price inflation in May reaches 10.1% in the US, 8.9% in the Eurozone. Eurozone sees higher inflation rates for wheat, fats and oils, commodities affected by the war in Ukraine. Central bank actions show early signs of tempering inflation in the US, but the global picture rema...

At the beginning of the month, we underestimated how fast agricultural commodities would follow base metals down. Although there are good reasons to buy agriculture ETFs as a hedge against geopolitically induced food inflation, DBA is too underexposed to grain commodities to perform t...

It is clear the food system—which makes up 10% of the global economy—is increasingly a major driver of climate change, and at the same time is disrupted by climate change. In equities alone, food makes up US$4.9 trillion or approximately 4% of global market capitalizatio...

Outside of Congress and the Federal Reserve, the White House is limited in what it can do to fight inflation. While we have seen the White House now focus efforts on refining capacity, our expectation is that the summer could see new record highs for gas prices in the U.S. The Whi...

The loss of wheat and sunflower exports from Russia and Ukraine has had clear knock-on effects on many Asian staples. In every country in Asia right now, food price inflation is pushing overall inflation higher, and this could have further to go. Certainly, higher rates can help r...

U.S. organic sales reached nearly $62 billion in 2020 as the industry achieved its 12th consecutive year of growth. Following growing consumer demand, the footprint of U.S. organic agriculture has expanded. While consumer demand has been the driver for an increase in organic agric...