News

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...

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