Category: Uncategorized
The Risk of Precision
“I’d rather be vaguely right, than precisely wrong” -John Maynard Keynes We think this phrase from the notable 20th century economist and mathematician helps highlight the basis of informed decision making. Survival instincts learned over millennia affect and bias our decision making. While these biases can be both useful or...
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February DecisionNext White Bread Index™
Figure 1. DecisionNext White Bread Index, February to June 2023 Figure 2. February and June 2023 Ingredients Cost for 1,000 lb Dough Batch The DN White Bread Index is 108 (fig. 1) meaning that the aggregated input costs for a 1,000 lb batch of white bread is expected to be...
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Forecasting Soy Oil with DecisionNext
In response to demand from customers in the bakery, retail, foodservice, and distribution sectors, the DecisionNext platform has expanded it’s out-of-the-box modeling capabilities to cover series for various grains and grain derivatives including but not limited to: Soy Beans Soy Oil Red Winter Wheat Corn Etc. Consider soybean oil, one...
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January DecisionNext Hamburger Index
The 2023 Q1 DN Hamburger index is 115, meaning that the aggregated input costs for a ¼ lb hamburger is expected to be 15% higher in Q1 of 2023 than in Q4 of 2022, for a cost of $.70 per unit. This 15% increase in input costs for a standard...
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Ground Beef Market Outlook
Low feed availability and high feed costs have altered the supply of fed cattle and cows to the market since mid-2020. Cattle prices have continued to climb while the grades of cattle have notably declined. Cow slaughter has also increased in response to high feed costs. On the consumer side...
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