COW News and Press, iPathA Series B Bloomberg Livestock Subindex Total Return ETN From 11/11/22

Summary Commodity indexes have maintained good gains all year in the face of rising interest rates and the stronger U.S. dollar. October was a relatively quiet month for most markets, commodities included. The U.S. dollar was slightly lower despite U.S. 2-year yields rising by 20 ...

Summary Surging energy prices create uncertainty for EU food producers, although national energy support measures reduce the impact and shield production. Nonetheless, food producers need to reassess their energy strategies because mandatory cuts in energy use can't be ruled out t...

Summary The UBS Constant Maturity Commodity Index and other commodity index strategies slumped during September. CMCI declined by 5.5% in September but remains up 8.4% year-to-date. The Bloomberg Commodity Index declined by 8.1% in September and remains up 13.6% year-to-date. ...

Summary Food innovation and agricultural technology (AgTech) offer potential solutions to meet growing demand and greater supply chain risks. Alternative proteins and lab-grown meats are offering substitutes to consumers with evolving preferences for ingredients, environmental imp...

Summary A rising number of major European and American meat and dairy companies have set targets to reduce emissions and become net zero by 2050. As strategies evolve, it has become clear the industry is looking to use a broad range of measures. For major European companies, w...

Summary Pork prices traditionally spike in summer during the U.S. grilling season. Hog prices generally follow the same warm weather pattern. However, differing pricing patterns can emerge between hogs and pork due to a combination of demand, the hog production cycle and other fac...

Summary Herd consolidation seems to be the main point being plugged right now as the total herd population of beef cattle is dropping and will continue to drop well into next year. Many ranchers are weighing their options now as La Niña continues into a third year. The cr...

Summary With the Fed’s latest “higher for longer” interest rate comments, commodities pulled back in the month of August, but continue to hold strong year to date. Commodities continued to recover from the July lows for most of August, but finished the month o...

The progression of high pathogen avian influenza (HPAI) through US flyways and mandated commercial poultry flock depopulation has not had a discernable impact on broiler harvest or market prices to date. Turkey complexes continue to be the most susceptible to flock infection with the ...

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...