As grilling season kicks off, the focus is now on demand, as major companies like Tyson and McDonald's are already warning consumers meat prices could climb with ASF continuing to claim China’s hog herd.
USDA says farmers intend to plant 97 million acres of corn in 2020. As COVID-19 acts as an anchor on the markets, and the ethanol crisis continues to unfold, some analysts say 97 million acres could be a stretch.
Both industry food safety leaders and Food and Drug Administration produce safety staff say more research is needed on the levels of Listeria monocytogenes found naturally occurring on ready to eat produce.
USDA's acreage numbers injected a substantial amount of uncertainty into both markets that appears set to stay in place throughout the summer, according to University of Illinois agricultural economist Todd Hubbs.