NASHVILLE, TENN. (RFD-TV) — The FAO Food Price Index for November reveals global food prices are continuing a downward trend. The index fell by more than 1 percent last month, marking the third straight month of declines.
Dairy, meat, sugar, and vegetable oil indices all fell, with sugar seeing the most significant drop at nearly 6 percent.
The cereal index was the only one to gain, rising just shy of 2 percent.
The overall index remains 22 percent off the record highs we saw back in March 2022.
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Shrinking sheep numbers contrast with gradual goat expansion, signaling tighter lamb supplies but steadier growth potential for meat goats.
Falling livestock prices, combined with higher input costs, continue to squeeze farm profitability heading into 2026.
Smaller cow numbers and a declining calf crop point to prolonged tight cattle supplies, limiting near-term herd rebuilding potential.
The federal government’s status is far from the only factor moving the markets on Friday. Two critical reports released today on producer inflation and the status of the U.S. cattle herd are also top of mind.
