Consumers are increasingly interested in where their food comes from, aptly illustrated by the estimated $9 billion in local food revenue in 2020, according to the USDA National Agricultural Statistics Service (NASS). California naturally leads the way in this respect, with $1.4 billion in direct food sales. Another big organic state, Pennsylvania, takes runner up, with $600 million in annual local food receipts.
There is no breakdown for dollars spent on respective categories, like animal proteins, but Fastmarkets estimates that more than $4 billion of local food dollars are spent on meat, milk, eggs, and processed dairy products.
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12.20.2024
45z guidance fails to appear; government scrambles to pass spending bill
The US government spending bill failed twice in as many days. If a deal is not reached by midnight on Friday December 20, some federal services will...
12.20.2024
US animal fats and oils end week softer across the board ahead of holiday slowdown
Prices for US animal fats and oils ended the week on a lower note on Friday December 20, with most markets trending downward ahead of the upcoming holiday week,...
12.20.2024
December cattle on feed down on month, year
Most US animal protein prices were rangebound for the week, though in wider ranges due to the impending Christmas and New Year's holiday closures.
The only significant price...