Email Us! Facebook Facebook You Tube Join Now
(309) 663-6497

Tag Archives: Food prices

PRICE OF #THANKSGIVING DINNER DROPS

According to AFBF, the price of an average Thanksgiving dinner for 10 dropped this year to $49.12, a 75-cent decrease compared with last year and the lowest since 2013. While the price of the meal has steadily increased since 1986 when AFBF first conducted its survey, the average cost has been trending downward for the… read more

Posted in Agriculture News | Tagged | Comments closed

EGG PRICES HIT BOTTOM

Egg supplies in the U.S. have surged so much in recent months that prices are the lowest for this time of year in at least a decade. The USDA is predicting egg costs will drop another 6 percent this year, and will drop more than any other food group in 2017. (Bloomberg)

Posted in Agriculture News | Also tagged , | Comments closed

AVIAN FLU IMPACTS

The primary price impact of the Avian Flu outbreak is on eggs (“white eggs in carton”, “dried eggs”, “liquid eggs”, and “frozen eggs”). USDA Market News reports indicate that shell egg prices have risen 20% since mid-April in the Midwest.  Smaller price impacts are being felt on turkey and chicken meat, IFB’s Mike Doherty says.

Posted in Agriculture News | Also tagged , , , , , | Comments closed

DROUGHT IMPACT

California’s drought has driven the prices of some fruits and vegetables up substantially, but others are actually cheaper than they were a year ago. In fact, the U.S. Agriculture Department’s forecast for produce prices predicts modest increases of 2% to 3%.

Posted in Agriculture News | Also tagged , , , , | Comments closed

LOWER PORK PRICES

Consumers can expect to pay less for bacon this year with pork prices forecast to be down 23 cents per pound, Purdue University agricultural economist Chris Hurt says. As a result, however, pork producers are expected to see less profit per head.

Posted in Agriculture News | Also tagged , , | Comments closed

CATTLE HERD

U.S. cattle herd expanded in 2014 for the first time in 8 years, offering hope to consumers that beef prices could start to subside after soaring to a series of records.

Posted in Agriculture News | Also tagged , | Comments closed

MILK GLUT

Wholesale-milk futures are down 37 percent from a record 11 weeks ago, reducing costs for buyers including Dean Foods and Lifeway Foods, Bloomberg News reports. Consumers also got a break, with average retail prices for whole milk, butter and cheese dropping in November from a month earlier.

Posted in Agriculture News | Also tagged | Comments closed

MARKETBASKET SURVEY

MARKETBASKET SURVEY – AFBF’s Marketbasket survey shows the total cost of 16 foods that can be used to prepare several meals was $53.27, up $1.73 (about 3.5 percent) from the survey conducted a year ago, in March 2013. Most of the increase was due to slightly higher retail prices for meat items and dairy products… read more

Posted in Agriculture News | Tagged | Comments closed

FED AND FOOD PRICES

Today’s Wall Street Journal reports the Federal Reserve is overlooking food prices in its inflation outlook for now.  The consumer price of ground beef in May rose 10.4% from a year earlier while pork chop prices climbed 12.7%. The price of fresh fruit rose 7.3% and oranges 17.1%. But prices for cereals and bakery products… read more

Posted in Agriculture News | Also tagged | Comments closed

PRICEY BBQ

The inaugural 2014 Rabobank BBQ Index examines the composition of a ten-person barbecue and how rising commodity prices have impacted the cost over the years, showing an overall price increase from $51.90 in 2004 to $55.62 during the financial crisis in 2007, to a total of $66.82 in 2014.

Posted in Agriculture News | Also tagged | Comments closed