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Shrinking U.S. Cattle Herd Likely Means Higher Beef Prices
Shrinking U.S. Cattle Herd Likely Means Higher Beef Prices
American shoppers struggling with inflation are looking at higher beef prices continuing in their local meat cases.  Because of high feed prices and severe drought, ranchers were forced to reduce their cattle herds.  Grain prices have dropped to their lowest levels since Russia invaded Ukraine, but Reuters says that might not mean lower food prices right away at the grocery store.  Corn fu... Read
Global Food Prices Drop in July
Global Food Prices Drop in July
Global food prices fell by the biggest amount since 2008 due to easing concerns over the supplies of grains and vegetable oils as Ukraine restarted its exports.  The United Nations world food cost index dropped almost 9% in July.  According to Bloomberg, the index is at its lowest level since January before Russia’s attack on Ukraine helped push the cost of food close to record levels.  It’s the f

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