Meat sales hit a record high of $104.6 billion in 2024. The pounds sold increased by 2.3% compared to 2023, and consumers, on average, purchase meat more than once per week. That keeps meat the largest fresh department in grocery stores.
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The Food Price Index increased 0.4% in January. The food at home index rose ½% over the month as four of the six major grocery store food group indexes increased. The indexes for meats, poultry, fish, and eggs rose 1.9% over the month, as the ...
The National Chicken Council strongly urged USDA’s Agricultural Marketing Service to withdraw its proposed rule, “Fair and Competitive Livestock and Poultry Markets. The group says the rule represents an impermissible attempt to make an end-run around established judicial precedent for requiring a showing of injury to competition to sue and win under Section 202 of the Packers and Stockyards Act.
According to the USDA, farmers on average saw an increase in what they received price wise for their commodities in the final month of 2022. The increase in USDA's latest agricultural prices report was 3.1% from the previous month and both commodity indexes crop and livestock reported month-over-month increases in what producers received price wise. The ove...
The Bureau of Labor Statistics announced this week that the Producer Price Index for final demand declined 0.5% in December when seasonally adjusted. The index measures the average change over time in the selling prices received by domestic producers for their output. Final d...
The FAO Food Price Index averaged 135.7 points in November 2022, virtually unchanged from October. The index offered month-on-month decreases in the price indices for cereals, dairy and meat, nearly offsetting increases in vegetable oils and sugar. At...
The FAO Food Price Index averaged 135.9 in October, virtually unchanged from September. The UN’s Food and Agriculture Organization says a higher Cereal Price Index countered drops in the indices for vegetable oils, dairy, meat, and sugar. With the late...
The Consumer Price Index increased 0.1% in August on a seasonally adjusted basis after being unchanged in July. The Bureau of Labor Statistics reported this week increases in the shelter, food, and medical care indexes were the largest contributors to the broad-based monthly all items increase. The foo...
Global food prices dropped for a fifth-straight month after a seasonal rise in supplies took place and demand dropped for some products. The northern hemisphere wheat harvest is helping to ease supply concerns as more grain moves out of Ukraine. A ...