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Euromonitor estimates global inflation at 8.9% in 2022 and 6.2% in 2023. Rising fuel, fertiliser, and raw material costs are feeding into animal feed and meat and dairy prices, with cereal-dependent categories hit by the Ukraine war.
Higher fuel and fertiliser costs push up feed production costs, which feed through to livestock and dairy prices. Feed buyers face sustained cost pressure from input inflation.
euromonitor.comAndres Chehtman, Tristan HöverJan 3, 2023After 487 past bullish macro events, Crude Oil (WTI) moved a median +1.0% over 5 sessions (60% higher; middle half -2.0% to +4.0%), and +1.5% over 20.
After 92 past bullish macro events, Urea moved a median +0.0% over 5 sessions (50% higher; middle half -2.0% to +3.6%), and +4.8% over 20.
After 151 past bullish macro events, Corn moved a median +0.2% over 5 sessions (57% higher; middle half -0.9% to +1.4%), and -0.3% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
