Sign in

Ilena

@ilenapeng.bsky.social
2.3K followers 151 following 49 posts

agriculture reporter @bloomberg.com‬, mostly covering animal proteins 🥩🍳🥓🍗 | ipeng5@bloomberg.net

PostsRepliesMedia
Reposted by Ilena
Bloomberg News @bloomberg.com · 18h
A prolonged whey shortage is turning into an opportunity for startups that make protein out of everything from beans to bog microbes.
bloom.bg
Startups Race to Cash In on Gold Rush Sparked by Whey Protein Shortage
A prolonged squeeze on America’s favorite protein powder is turning into an opportunity for food-tech companies that extract the macronutrient out of everything from alfalfa to bog microbes.
1114
Ilena @ilenapeng.bsky.social · 17/08/2026
Flatter #beef sales volumes in the key grilling season, which includes July 4th, along with other data points, show that shoppers have finally decided they’re not going to keep buying much more at these near-record prices. 🥩🎁🔗: www.bloomberg.com/news/article... via @bloomberg.com
bloomberg.com
Skyrocketing Beef Prices Finally Have Americans Reaching Their Spending Limit
Aaron Kaufman used to meet his lofty daily protein goals — a gram for each pound he weighs — with ground beef.
002
Reposted by Ilena
deenashanker.bsky.social @deenashanker.bsky.social · 24/07/2026
FINALLY! via @ilenapeng.bsky.social www.bloomberg.com/news/article...
bloomberg.com
US Cattle Herd Grows Slightly in Potential Sign of Rebuilding
The US cattle herd grew modestly from the prior year, in a signal that ranchers may be starting to retain more animals following a historic shortage.
101
Ilena @ilenapeng.bsky.social · 24/07/2026
"And as I sat there writing about beef and beef and more beef, I had to wonder, 'What's up with #pork?'" The answer, it turns out, is not much, as the industry is still struggling to fix a longtime messaging problem. 🥓🎁🔗: www.bloomberg.com/news/article... via @bloomberg.com
bloomberg.com
Pork Struggles to Gain Ground Even in Middle of Protein Craze
In a time of belt-tightening and America’s protein obsession, pork should be on a winning streak. It’s cheap compared with beef, which is climbing to record high prices, and it’s the type of clean pro...
200
Ilena @ilenapeng.bsky.social · 11/06/2026
Butter once got a bad rap for its high-calorie, high-fat content. Now people are lining up to get their ice cream dipped in it. For @bloomberg.com on the OG Dominique Ansel cone, his new version launching tomorrow, & more. Smooth like #butter indeed! 🧈🎁: www.bloomberg.com/news/article...
bloomberg.com
Ice Cream Not Decadent Enough for You? Dip It in Butter
Butter-dipped soft serve hits all the viral notes: It’s tasty, shocking and an “affordable luxury.”
2103
Ilena @ilenapeng.bsky.social · 09/06/2026
Here's the latest map of where the US's New World #screwworm cases are located and the number of cattle in each Texas county + a gift link to my @bloomberg.com story with more details about how the fly can affect pets & livestock www.bloomberg.com/news/article...
Map of New World screwworm cases in the US
012
Reposted by Ilena
Bloomberg News @bloomberg.com · 04/06/2026
A deadly cattle parasite was confirmed in the US for the first time in nearly a decade, posing the latest threat to a US herd already at its lowest level in 75 years
bloom.bg
Deadly Screwworm Parasite Found in US Threatens Cattle Herd
A deadly cattle parasite was confirmed in the US for the first time in nearly a decade, posing the latest threat to a US herd already at its lowest level in 75 years.
27137
Ilena @ilenapeng.bsky.social · 02/06/2026
Thanks to the Marketplace team for having me on to chat about #honey (at the ~19 minute mark)!
010
Ilena @ilenapeng.bsky.social · 26/05/2026
Honey is hot these days, in more ways than one. US consumer preferences for clean eating & spicy-sweet flavors have fueled demand, but beekeepers are missing out with production at a record low. Read more about the imbalance via @bloomberg.com 🍯🎁🔗: www.bloomberg.com/news/article...
bloomberg.com
America Can’t Produce Enough Honey
Honey has emerged as a favorite sweetener of the “clean eating” crowd. The surge in demand could help turn around the US bee industry — if it can keep up.
22212
Reposted by Ilena
Agnieszka de Sousa @aggiedesousa.bsky.social · 26/05/2026
ICYMI: Human urine. Chicken muck. Ground almond shells. After the Iran war disrupted supplies of conventional #fertilizers, farmers are turning to creative alternatives to keep their crops growing. With @ilenapeng.bsky.social @emmarcourt.bsky.social 🎁 link: www.bloomberg.com/news/article...
bloomberg.com
Human Urine Becomes Option for Farmers in Fertilizer Supply Crunch
The Iran war is driving up the cost of synthetic crop nutrients, pushing growers to embrace alternatives from microbes to manure.
011
Reposted by Ilena
Bloomberg News @bloomberg.com · 11/05/2026
The Trump administration is planning to temporarily reduce tariffs on beef imports as soon as Monday as it tries to bring down high beef prices, according to the Wall Street Journal.
bloom.bg
US to Temporarily Lower Beef Import Tariffs, WSJ Says
The Trump administration is planning to temporarily reduce tariffs on beef imports as soon as Monday as it tries to bring down high beef prices, according to the Wall Street Journal.
12208
Reposted by Ilena
Alark Joshi @alark.bsky.social · 08/05/2026
Great example of scrollytelling with remarkable detail about beef prices not dropping anytime soon by @ilenapeng.bsky.social and team @bloomberg.com. 👏 The illustrations, charts, and timeline are wonderfully designed. 📊Link: www.bloomberg.com/graphics/202...
bloomberg.com
Why Beef Prices Won’t Drop Anytime Soon
Pressures at every stage of the 18-month cattle supply chain are expected to keep prices high at least through 2026.
267
Ilena @ilenapeng.bsky.social · 08/05/2026
The war in Iran has led to higher input costs for the #packaging industry, while also hitting consumer demand. The box industry always offers interesting insights in both directions of the supply chain. 📦🎁🔗: www.bloomberg.com/news/article... via @bloomberg.com
bloomberg.com
Box Makers Struggle to Pass on War Costs as Demand Stays Weak
Packaging producers can’t catch a break as the conflict in the Middle East deals the latest blow to the industry’s protracted downturn.
001
Ilena @ilenapeng.bsky.social · 08/05/2026
Nathan's Famous launched its grass-fed #beef hot dog last week, in the latest example of how companies are trying to capture sales from Americans who still prefer beef whenever they can afford it. 🌭🎁🔗: www.bloomberg.com/news/newslet... via @bloomberg.com
bloomberg.com
What Hot Dogs Tell Us About the American Beef Market
Despite near-record prices, US shoppers still want beef products that are within their means.
000
Reposted by Ilena
ಠ_ಠ @denisedslu.bsky.social · 05/05/2026
The cost of your hamburger is affected by a cattle supply chain that's 18+ months in the making. we break it down step by step to show just how slim margins are for each operator. w @ilenapeng.bsky.social and @stephd.bsky.social gift link: www.bloomberg.com/graphics/202...
155
Ilena @ilenapeng.bsky.social · 05/05/2026
I followed a hypothetical animal through the supply chain to explain why you're standing in front of a ~$7 pound of ground #beef at the grocery store. (Unsurprisingly, the answer is complex. But spoiler: it's not the meatpacker.) 🥩🎁🔗: www.bloomberg.com/graphics/202... via @bloomberg.com
bloomberg.com
Why Beef Prices Won’t Drop Anytime Soon
Pressures at every stage of the 18-month cattle supply chain are expected to keep prices high at least through 2026.
64612
Ilena @ilenapeng.bsky.social · 06/04/2026
I speed-explained ~2 years of #coffee markets for Vox! Listen here or wherever you get your podcasts (timestamp ~14:00): www.vox.com/explain-it-t...
vox.com
Explain It to Me
Vox is a general interest news site for the 21st century. Its mission: to help everyone understand our complicated world, so that we can all help shape it. In text, video and audio, our reporters expl...
010
Ilena @ilenapeng.bsky.social · 11/03/2026
Such a pleasure to chat with @marketplace.org about my recent @bloomberg.com article on #ube! 💜🔗: www.bloomberg.com/news/article...
bloomberg.com
America’s Love of Ube Is Straining Supplies in the Philippines
Long a staple of Filipino cuisine, the purple yam is all over global menus, and farmers are struggling to keep up.
010
Ilena @ilenapeng.bsky.social · 11/03/2026
US consumer #coffee prices in February reached a fresh record high of $9.459 a pound, even as futures markets have cooled on improving supplies. My latest story @bloomberg.com explains that gap: www.bloomberg.com/news/article...
Line chart of US consumer coffee prices and arabica coffee futures
000
Reposted by Ilena
Bloomberg News @bloomberg.com · 24/02/2026
Long a staple of Filipino cuisine, the purple yam is all over global menus, and farmers are struggling to keep up. Read more: bloom.bg/46oTxa0 🎨: Ryan Haskins for Bloomberg Businessweek 📷️: Ube Area & Getty Images
164
Ilena @ilenapeng.bsky.social · 24/02/2026
If you've seen a purple food on social media, chances are it contained #ube. Here's what you should know about the purple yam's cultural significance to the #Philippines and the global craze's impact on supply chains. 💜🎁🔗: www.bloomberg.com/news/article... via @bloomberg.com
bloomberg.com
America’s Love of Ube Is Straining Supplies in the Philippines
Long a staple of Filipino cuisine, the purple yam is all over global menus, and farmers are struggling to keep up.
020
Ilena @ilenapeng.bsky.social · 23/02/2026
The obvious driver of record US #beef prices is low supply. But the market also wouldn't be here without the other side of the Economics 101 equation: demand. Here's why — and how — Americans are still buying the pricey protein. 🥩🎁🔗: bloomberg.com/news/article... via @bloomberg.com
bloomberg.com
Americans Can’t Quit Steak, No Matter the Cost
Beef prices are at an-all time high. New budget-friendly cuts are meeting demand.
021
Ilena @ilenapeng.bsky.social · 20/02/2026
#Egg prices were at record highs a year ago. Now the #protein is the cheapest it has been in two years as farmers overexpanded flocks in case of more severe bird flu outbreaks that have yet to come. 🍳🎁🔗: www.bloomberg.com/news/article... via @bloomberg.com
bloomberg.com
Egg Prices Collapse as Once-Empty Shop Shelves Now Overstuffed
A year ago, empty egg shelves in grocery stores were a symbol of stubborn food inflation. Shoppers paid record prices, scrambling to beat per-customer limits and stocking up whenever cartons appeared.
042
Ilena @ilenapeng.bsky.social · 29/01/2026
International Paper to split into two companies, spinning off its European #packaging business. That follows IP a while ago rebuffing a Suzano offer & then buying DS Smith. www.bloomberg.com/news/article... via @bloomberg.com. reported by @ryangould.bsky.social this AM, now updated w/ more context
bloomberg.com
International Paper to Split Into Two Listed Companies
International Paper Co. plans to break up and spin off its European packaging business as the 128-year-old company seeks to strengthen its operations amid weak macroeconomic conditions.
262
Ilena @ilenapeng.bsky.social · 17/12/2025
Record #coffee prices aren't enough to kick a caffeine habit, but it's enough to shun cafes. There's a growing crowd of home baristas, while others are opting for cheaper, drive-through options. ☕️🔗: www.bloomberg.com/news/article... via @bloomberg.com
bloomberg.com
High Coffee Prices Are Changing How Consumers Take Their Daily Brew
Global coffee prices rose to record highs this year, sending the cost of cappuccinos and lattes soaring. But a caffeine habit is hard to kick.
001
Ilena @ilenapeng.bsky.social · 25/11/2025
Record beef prices are putting America's love of protein to the test — & the verdict is that demand is largely holding up. Shoppers are still buying beef, though there are shifts in where & what they eat (more at home, cheaper cuts). 🥩🔗: www.bloomberg.com/news/article... via @bloomberg.com
bloomberg.com
Trump’s Beef Price Battle Meets America’s Insatiable Demand
President Donald Trump is on a campaign to bring down beef prices. But the nation’s powerful demand for protein is making that goal difficult.
3166
Reposted by Ilena
Bloomberg News @bloomberg.com · 07/11/2025
Trump asked the Justice Department to start an investigation into the meatpacking industry, accusing them of “driving up the price of Beef through Illicit Collusion, Price Fixing, and Price Manipulation"
bloom.bg
Trump Asks Justice Department to Probe Meatpackers Over Prices
President Donald Trump asked the Justice Department to start an investigation into the meatpacking industry, accusing them of “driving up the price of Beef through Illicit Collusion, Price Fixing, and Price Manipulation.”
21418
Reposted by Ilena
Bloomberg News @bloomberg.com · 30/10/2025
Treasury Secretary Scott Bessent said China has agreed to buy 12 million metric tons of soybeans this year.
bloom.bg
Bessent Says China to Buy 12 Million Tons of Soybeans This Year
China has agreed to buy 12 million metric tons of soybeans this year, Treasury Secretary Scott Bessent said, providing some relief to US farmers who have anxiously awaited the resumption of exports to the Asian nation.
46175
Ilena @ilenapeng.bsky.social · 29/10/2025
It's been spooky season for the #cocoa market for a while. Now higher prices are giving non-chocolate treats that were already trendy (think sour gummies) even more room to grab market share this #Halloween. 🎃🔗: www.bloomberg.com/news/article... via @bloomberg.com
bloomberg.com
High Cocoa Costs Put Chocolate Makers on Edge for Halloween
Halloween is shaping up to be a test for the chocolate industry, as high cocoa costs threaten to accelerate a consumer shift toward cheaper and trendier sweets such as sour gummies.
274
Reposted by Ilena
Bloomberg News @bloomberg.com · 16/10/2025
President Trump said his administration had struck an agreement to bring down the price of beef for consumers during an event in the Oval Office on Thursday
bloom.bg
Trump Says He’s ‘Worked Our Magic’ on Deal to Lower Beef Prices
President Donald Trump said his administration had struck an agreement to bring down the price of beef for consumers during an event in the Oval Office on Thursday.
23219
Reposted by Ilena
Bloomberg News @bloomberg.com · 09/10/2025
US homebuilders and retailers warn that higher costs could push housing prices and furniture costs higher as the trade fight over wood products escalates once again. Here’s what to know.
bloom.bg
Trump’s Wood Tariffs Are Coming. Who Will Be Hit Hardest
President Donald Trump unveiled sweeping tariffs on imported lumber and wood products that his administration says are needed to protect the US economy and boost domestic manufacturing. Starting Oct. 14, softwood lumber will face 10% duties, while kitchen cabinets, bathroom vanities, and other finished wood goods will be hit with 25% tariffs that rise further in January.
65621
Ilena @ilenapeng.bsky.social · 19/09/2025
A hike in US duties on Canadian wood was meant to protect prices for American producers. It still hasn't been enough to stop futures prices from plunging to a 7-month low as housing demand falls. 🪵🔗: www.bloomberg.com/news/article... via @bloomberg.com
Line chart of the most-active lumber futures contract traded in Chicago, which on September 18 touched the lowest in seven months
2339
Reposted by Ilena
Agnieszka de Sousa @aggiedesousa.bsky.social · 19/09/2025
It's time for pitless cherries - thanks to gene-editing technology. Startup Pairwise and fruit breeder Sun World International will work to bring it to the market in the next decade - @ilenapeng.bsky.social reports in the latest Business of Food newsletter. www.bloomberg.com/news/newslet...
bloomberg.com
After Seedless Grapes, Now for the Pitless Cherry
Cherries with no pits are set to (eventually) hit grocery shelves thanks to gene-editing technology.
5177
Reposted by Ilena
deenashanker.bsky.social @deenashanker.bsky.social · 19/09/2025
every rural county should be considered up for grabs in the midterms a must read from @ilenapeng.bsky.social (with a gift link!) www.bloomberg.com/news/article...
bloomberg.com
American Farmers Are Feeling the Pain of Trump’s Policies
US agricultural communities that had expected Trump to have their backs have found themselves flung into a second trade war. If the situation continues, it could put loyalties at risk.
0248
Ilena @ilenapeng.bsky.social · 18/09/2025
America's farmers are hurting & worried that politicians aren't getting it. Nine months into President Trump's second term, the near-term optimism that farmers once felt is waning and demand for mental health support services has surged. 🎁🔗: www.bloomberg.com/news/article... via @bloomberg.com
bloomberg.com
American Farmers Are Feeling the Pain of Trump’s Policies
US agricultural communities that had expected Trump to have their backs have found themselves flung into a second trade war. If the situation continues, it could put loyalties at risk.
122611
Ilena @ilenapeng.bsky.social · 17/09/2025
Americans are eating a whole lot of #butter but the US is making even more, sending futures prices dropping down to the lowest since November 2021. 🧈🔗: www.bloomberg.com/news/article... via @bloomberg.com
bloomberg.com
America’s Butter Glut Is Driving Prices to Three-Year Lows
As America’s appetite for butter grew over the past few years, the dairy industry turned to cows that produce fattier milk and expanded facilities to meet the demand. They might have gone too far.
010
Ilena @ilenapeng.bsky.social · 21/08/2025
Your daily #coffee still seems fine but behind the scenes, US roasters have been scrambling since 50% tariffs on Brazilian beans took effect. Shipments from top coffee country have been postponed, while new deals have stalled. ☕🔗: www.bloomberg.com/news/article... via @bloomberg.com
bloomberg.com
US Roasters Shun Coffee From Brazil After 50% Tariffs Kick In
American coffee buyers are shunning fresh deals with top grower Brazil after President Donald Trump’s 50% tariff took effect this month.
000
Reposted by Ilena
Bloomberg News @bloomberg.com · 19/07/2025
Growers fear that rising coffee prices will hit consumers already struggling with inflation, curbing demand on everything from popular everyday roasts available at grocery stores to luxury Kona beans.
bloom.bg
Trump Tariffs Spell Trouble for Hawaii’s Few Coffee Farmers
Hawaiian coffee farmers have a message for President Donald Trump: Steep tariffs on major exporters such as Brazil will end up hurting them, too.
106923
Ilena @ilenapeng.bsky.social · 09/07/2025
#Cocoa prices, while still high, have cooled from records. But chocolatiers and food companies aren't in the clear yet, as prices surge for the typically cheap powder that lends chocolate and brownies their rich color and taste. 🍫🔗: www.bloomberg.com/news/article... via @bloomberg.com
bloomberg.com
Chocolate Makers Burned Again as Shortages Hit Cocoa Powder
Chocolate makers were already grappling with record prices for cocoa butter, which provides that melt-in-your-mouth feel. Now they are also paying up for the powder that lends their product its color ...
021
Ilena @ilenapeng.bsky.social · 30/06/2025
Pistachios are everywhere! A year and a half in, the viral Dubai Chocolate phenomenon is still going strong. US nut growers need that to continue, especially with a record harvest expected to start later this year. 💚🔗: www.bloomberg.com/news/article... via @bloomberg.com
bloomberg.com
Pistachios Are Everywhere Right Now, Not Just in Dubai Chocolate
Demand for the Instagram-friendly nuts have driven up margins for farmers, who are preparing for a bumper crop this fall.
031
Reposted by Ilena
Bloomberg News @bloomberg.com · 30/06/2025
Demand for the Instagram-friendly nuts have driven up margins for farmers, who are preparing for a bumper crop this fall.
bloom.bg
Pistachios Are Everywhere Right Now, Not Just in Dubai Chocolate
Demand for the Instagram-friendly nuts have driven up margins for farmers, who are preparing for a bumper crop this fall.
1103
Reposted by Ilena
Agnieszka de Sousa @aggiedesousa.bsky.social · 17/06/2025
We at @bloomberg.com just launched Business of #Food, a weekly newsletter focused on how the world feeds itself. Sign up here: www.bloomberg.com/account/news... #BusinessofFood
243
Reposted by Ilena
Bloomberg News @bloomberg.com · 16/06/2025
In 2023, some of the world’s largest food companies made a pledge to slash methane emissions. They promised to publish data and action plans by the end of 2024. Here's why Starbucks, General Mills and others are struggling to address the potent emissions in their supply chains.
bloom.bg
Global Food Companies Are Struggling to Deliver Methane Progress
In 2023, some of the world’s largest food companies made a pledge to slash methane emissions. They promised to publish data and action plans by the end of 2024. Here's why Starbucks, General Mills and others are struggling to address the potent emissions in their supply chains. (Source: Bloomberg)
23412
Reposted by Ilena
Bloomberg News @bloomberg.com · 15/06/2025
Soon, your morning glass of OJ will have even less fruit in it as Florida expects its worst orange harvest in nearly a century
bloom.bg
Your Orange Juice Will Soon Have Even Less Real Orange In It
As orange supplies suffer from greening disease, the flavor and fragrance industry is developing workarounds to keep the taste of bottled juice consistent.
97224
Ilena @ilenapeng.bsky.social · 13/06/2025
Flavors are playing an even bigger role in the #orange juice supply chain, as trees hit by the citrus greening disease yield fewer — and more bitter — fruits. 🍊🔗: www.bloomberg.com/news/article... w/ editing by @silviakillings.bsky.social via @bloomberg.com
bloomberg.com
Your Orange Juice Will Soon Have Even Less Real Orange In It
As orange supplies suffer from greening disease, the flavor and fragrance industry is developing workarounds to keep the taste of bottled juice consistent.
020
Ilena @ilenapeng.bsky.social · 22/05/2025
The MAHA Commission report is coming soon. ICYMI, my colleagues and I last week unpacked some of the key changes RFK Jr. has previously talked about & how they would shape the US food system. 🎁🔗: www.bloomberg.com/news/feature... w/ @deenashanker.bsky.social & Agnieszka De Sousa via @bloomberg.com
bloomberg.com
RFK Jr.'s Quest to Make Americans Eat Healthier Will Be Costly
Ultra-processed foods have made US diets among the least expensive — and the most unhealthy — in the world. The health secretary wants to change that.
113
Ilena @ilenapeng.bsky.social · 21/05/2025
Health secretary RFK Jr. called sugar "poison" in late April, putting the sugar and sweets industries on alert at conferences in NY and Indianapolis last week. 🍭🎁🔗: www.bloomberg.com/news/article... with @kubz.bsky.social via @bloomberg.com
bloomberg.com
The Sugar Industry Had Dodged RFK Jr.’s Health Drive — Until Now
Sugar producers thought they had escaped Robert F. Kennedy Jr.’s Make America Healthy Again agenda.
3918056
Reposted by Ilena
Sarah Todd @sarah-todd.bsky.social · 16/05/2025
Switching from seed oils to beef fat is a MAHA-approved move, but costs double. Great look from @deenashanker.bsky.social @ilenapeng.bsky.social & Agnieszka De Sousa at how expensive it will be for the food industry to switch to organic foods, natural dyes, & more: www.bloomberg.com/news/feature...
bloomberg.com
RFK Jr.'s Quest to Make Americans Eat Healthier Will Be Costly
Ultra-processed foods have made US diets among the least expensive — and the most unhealthy — in the world. The health secretary wants to change that.
022
Reposted by Ilena
deenashanker.bsky.social @deenashanker.bsky.social · 15/05/2025
Many of RFK Jr's policies and ideas for food are widely supported in the nutrition community. Some are not. Either way, they would drive up prices. My latest with my colleagues @ilenapeng.bsky.social and Agnieszka De Sousa. www.bloomberg.com/news/feature...
bloomberg.com
RFK Jr.'s Quest to Make Americans Eat Healthier Will Be Costly
Ultra-processed foods have made US diets among the least expensive — and the most unhealthy — in the world. The health secretary wants to change that.
106615
Ilena @ilenapeng.bsky.social · 10/04/2025
Egg prices hit a new record of $6.227 per dozen in the March Consumer Price Index report that came out today. Here's why & what might come next, especially as Easter approaches. 🍳🎁🔗: www.bloomberg.com/news/article... via @bloomberg.com
bloomberg.com
Egg Prices Hit Record as Retailers Keep Costs High on Supply Fears
US inflation may have cooled last month but egg prices are still stubbornly high, and there’s no immediate prospect of relief thanks to bird flu and tariffs.
65815