Food prices in general are 28% higher than they were five years ago, according to a January study by Nerdwallet.com, which attributed the increases to a variety of factors including rising operating costs, supply chain disruptions and corporate profits. …
U.S. consumer demand for retail meat remains exceptionally strong despite higher prices stemming from increased production costs and supply chain limitations. However, once the full effects of producer price inflation finally hit retail meat cases, consumer demand for meat will be tested again, according to a new report from CoBank’s Knowledge Exchange. …
“Per capita egg consumption is up near historical levels, but supply concerns appear to be affecting market prices,” said Chief Executive Dolph Baker. …
American meat supplies have been piling up for much of 2018, and for Sanderson Farms Inc., the nation’s third-largest poultry processor, that means much lower prices for its products. …
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