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ANALYSIS: Beef All-Fresh Retail Continues to Climb with Wholesale Gains
We have continued to talk about food price inflation across wholesale levels as many items in the Urner Barry price quotation universe are...
Global Food Prices Rise at Rapid Pace in May
Global food prices rose in May at their fastest monthly rate in more than a decade, even as world cereal production is on course to reach a new record high, the Food and Agriculture Organization of the United Nations (FAO) reported.
The FAO Food Price Index averaged 127.1 points in May, 4.8 percent higher than in April and 39.7 percent higher than in May 2020.
A surge in the international prices of vegetable oils, sugar and cereals led the increase in the index, which tracks monthly changes in the international prices of commonly-traded food commodities, to its highest value since...
Food Price Surge is Unlikely to Revert
Agricultural commodity prices have surged almost 50% since mid-2020, causing concerns over food price inflation around the world and sometimes resulting in increased export taxes and quotas by producers at a time when importing countries want to import more.
Rabobank can identify four major factors driving the surge across agri commodities that will remain active in 2021: 1) US dollar weakness: Rabobank forecasts the US dollar to remain soft through 2021 (US dollar index -7% lower since mid-2020), but no further weakness is expected. 2) Weather: La Niña could extend into the US spring planting season. 3) Global demand: Good global demand (either for animal feed or storage) to continue through...
USDA Invests to Increase Capacity and Expand Access in Meat and Poultry Inspection Operations
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What Does Prop 12 Mean for Egg, Veal, and Pork Producers in 2022?
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