UBC News and Press, E-TRACS USB Bloomberg Commodity Index Exchange Traded Notes UBS Bloomberg CMCI Livestock ETN From 09/28/22

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...

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...

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...