Buckle up

Not only is America facing higher prices for oil and natural gas, but also fertilizer. And there's nothing the Federal Reserve rate increase will do to improve the outlook into 2023.


"What to look for:

"Higher dairy (milk, eggs, cheese, lattes) as feed prices increase dairy herds will decrease.

"Higher meat prices. All meats. Almost all livestock is fed grain silage. Only grass grown and grass finished beef will escape those confines.

"Higher cooking oil prices. Soybeans or “vegetable oil” will be more expensive. As will anything containing soy or any derivatives.

"Food overall will remain high priced, no matter how much the fed ratchets. The rate of incline will start this fall as harvest truths get sold into the market. The USDA WASDE report will start to reflect the poor yield. Plant ’23 will start in earnest in the south around April, and northerns folks will pull out their planters in May or June much like we saw this past spring, to the tune of higher costs to sow seed and fertilize it. The fall of 2023, assuming no unforeseen calamity, there will be another inflection point, which will spill over into February and March of 2024. Global exports will be key."

https://angrybearblog.com/2022/10/we-really-need-to-talk-fertilizer

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