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Shining Light on Farm & Food Policy for 20 Years.
Friday, March 29, 2024
Supermarket prices rose another 0.3% last month, driven in part by jumps in the cost of beef and pork, but food inflation continues to ease from the spikes shoppers saw in 2022, the Bureau of Labor Statistics reports.
American pork exporters will have more time to send product to Philippine partners at familiar tariff rates following the December extension of existing duties rather than a potential increase.
Supermarket prices rose another 0.7% last month, driven by continued increases in nearly every category in the store, and food costs are now up 13% over the past year.
Supreme Court justices are wrestling with how to balance California's concerns over animal welfare, reflected in the state's Proposition 12 standards, with the potential costs to out-of-state pork producers.
Lawmakers are signaling they may be ready to boost funding for ag promotion overseas, and farm groups are hungry for the dollars that they say increase foreigners' appetite for U.S.-grown food.
Consumers who bought pork from companies named in a class action alleging price-fixing in the industry will receive about $13 million from JBS USA following a federal judge’s approval of a settlement.
New figures from the U.S. Meat Export Federation show July beef exports topped $1 billion for the sixth time in 2022 en route to the fifth-largest month on record for volume, continuing the trend of solid export figures throughout the year.