US beef prices to rise 10% this year - leatherbiz: Leading news site f Leatherbiz

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US beef prices to rise 10% this year

26/08/2014
The US Department of Agriculture has forecast the price of wholesale beef to rise by between 10% and 11% this year due to the drought and small herd numbers.

Overall, US food inflation is expected to be around 2.5% to 3.5%.

Record pork prices – 11% higher than last year by July - are partly due to the impact of a virus that has killed millions of piglets, as well as the higher cost of pork imports from Europe.


Related stories:

Asian countries driving US beef prices up 16/09/2014
Midpoint report shows further herd decline in the US 31/07/2014
Shrinking herd leads Cargill to close beef facility 31/07/2014
MLA predicts ‘significant’ increase in cattle prices 16/07/2014
USHSLA president joins trade advisory committee 26/06/2014
USHSLA warns of declining availability of US hides 01/05/2014
US reports record hide, skin and leather exports in 2013 19/03/2014
US: 5 million piglets die due to PEDv 19/03/2014
Small herd will limit recovery: USDA projection 19/02/2014

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