Q2 Outlook: Turbulence, trade fears in focus as we look ahead
The Ivy Investments team discusses whether market turbulence and trade tensions could stunt the economic cycle.
Sanderson Farms, a major U.S. poultry producer, said the supply of antibiotic-free (ABF) chicken is significantly greater than demand, an indication that overproduction could eat into processors’ profits, reports Reuters.
Farmers have spent the past few years cutting their spending to cope with a global glut of crops. Now it’s commodity traders’ turn, reports the Wall Street Journal.
Bloomberg reports that ground zero in the global scramble for lithium is a small patch of northern Australia’s iron-ore rich outback. There, work is accelerating to deliver the world’s next major lithium mines in order to feed soaring demand from electric vehicle battery makers.
Sales of propane-powered vehicles are on the rise in the U.S., according to Bloomberg. The increase is especially noticeable among companies that operate fleet vehicles that would normally be powered by diesel.