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Balanced Reporting. Trusted Insights.
Friday, July 01, 2022
Supermarket prices shot up a seasonally adjusted 1.4% in May, led by soaring costs for dairy products, and have risen 11.9% over the past 12 months, according to the latest Consumer Price Index.
A months-long outbreak of highly pathogenic avian influenza is adding to the shock waves roiling grocery prices, but different food items are experiencing disparate impacts.
The Department of Agriculture is taking steps to increase competition in the meat processing sector and reform the poultry industry's contracting practices.
A group of eleven senators from both parties are calling for additional funding to fight the spread of highly pathogenic avian influenza, which has so far resulted in the deaths of more than 37.5 million birds across 34 states.
Shipments of U.S. poultry are getting caught up in delays at Mexico’s border after Texas Governor Greg Abbott ordered increased inspections of north-bound trucks, spurring protests by Mexican truckers who blocked southbound traffic.
Representatives of the U.S. poultry industry descended in Havana last week to implore the Cuban government to loosen bans on U.S. chicken after outbreaks of bird flu in major producing states.
The Justice Department has dropped charges against five executives of chicken companies for alleged price fixing following a second mistrial in the case in Colorado.
The U.S. exports more than $130 million worth of poultry and poultry products annually to Central Asian nations and other nearby countries like Armenia and Georgia, but all of that trade is threatened by the Russian invasion of Ukraine.
In an increasingly global market where U.S. beef, pork and poultry producers can no longer thrive without access to foreign markets, the ag sector is clamoring for new advantages over foreign competitors, better access to foreign buyers and new free trade agreements.
The problems farmers are having getting their products to international buyers are costing sales, cutting profits and threatening to sever precious relationships with foreign customers.
