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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11.21.2024
Domestic US biodiesel blending helps lift October RFS RIN production
US domestic biodiesel blending of 147.5 million gallons in October produced a monthly high of 221.2 million renewable identification number (RIN) credits for January-October. This was 11.5% above September...
11.21.2024
CWG trades lower as broader animal fats markets hold steady
The US animal fats and oils markets held steady on Thursday November 21, with limited trading as attention shifted toward broader macroeconomic factors and...
11.21.2024
October commercial cattle, hog production above 2023
US animal protein prices were steady on Thursday November 21. Limited trade was reported from market sources due to the proximity of the extended Thanksgiving holiday weekend in the...