Grocery prices jumped another 1.3% in July, led by continued increases for dairy products, baked goods and other items, and are up 13.1% over the past year, the largest increase in supermarket costs in more than 43 years.
U.S. supermarket prices jumped 1% in June, led by continued increases in the cost of dairy and bakery products as well as fats and oils, helping fuel another 1.3% surge in the country's overall cost of living.
Democrats push a bill though the House Agriculture Committee that would create a special investigator's office at USDA to probe allegations of unfair marketing practices in the meat and poultry industry.
The Supreme Court announces whether it will hear arguments in three cases important to farmers, while lawmakers put a focus on water infrastructure needs and a House panel examines the impact that a shift to electric vehicles could have on U.S. agriculture.
Global demand for grain and protein is expected to remain strong going into 2022, according to several ag economists. But there are several challenges ahead including inflation, skyrocketing input prices, supply chain disruptions and uncertainty over agricultural trade.