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Shining Light on Farm & Food Policy for 20 Years.
Sunday, October 13, 2024
Corn and soybean prices fell Friday following USDA’s release of its latest World Agricultural Supply and Demand Estimates report, which projects a record soybean crop and “smaller supplies, larger exports, and reduced ending stocks” for corn.
The cost of groceries rose 0.1% for the second month in a row in July, led by increases in the cost of beef, eggs, milk and fresh produce. Consumers continue to see significantly more inflation when they're eating out.
The cost of eating at home fell 0.2% in April after supermarket prices were flat for two straight months, helping offset continued inflation in housing and energy costs.
The cost of eating at home was unchanged for the second straight month in March as lower prices for dairy and grain products offset higher costs for beef, pork, chicken and eggs.
The nation’s largest egg producer, Cal-Maine Foods Inc., confirmed Tuesday that a large layer operation in the Texas panhandle that accounts for 3.6% of the company’s production has tested positive for highly pathogenic avian influenza.
Supermarket prices were broadly steady in February as lower costs for dairy products, fruits, pork and chicken offset increases for beef, eggs, sugar and other products.
Grocery prices rose just 0.1% in December for the second month in a row and are up 1.3% year over year as food inflation continues to moderate, according to the latest Consumer Price Index.
A federal jury in Illinois has found two large egg producers and trade associations liable for conspiring to restrict supply and drive up egg prices, in a dispute the judge in the case said pitted “the nation’s egg makers against its egg breakers.”
As Congress prepares to write a new farm bill, animal welfare advocates are preparing to safeguard California’s Proposition 12 and similar laws regulating agricultural practices while also pushing to tighten standards for dog breeders, ban the export of horses for slaughter, and eliminate the last vestiges of animal fighting and dog racing in the United States.