The current consumer trend towards high-protein foods is here to stay, as it is driven by the widespread prescription of new medicines like GLP-1s.

Wage inflation, currently running at a 3% to 4% range, is a more significant long-term driver of food prices than diesel costs.

The U.S. imports a significant amount of ground beef for hamburger from Brazil.

If the Strait of Hormuz were to reopen, fertilizer prices would drop quickly, ahead of the actual supply normalization.

The current consumer focus on high-protein diets is a long-term trend, not a fad, because it is driven by medically prescribed drugs like GLP-1s.

The U.S. beef industry has significantly increased imports of ground beef from Brazil.

The GLP-1 drug trend has led food companies to prominently advertise the protein content on packaging for all types of food products.