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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Crop-specific shifts and strong prices highlight the variability of this year’s fruit and tree nut harvest, according to USDA data.
The decline in production marks the second consecutive year of contraction in the U.S. turkey industry.
The USDA noted that peanut edible utilization season-to-date is down 3% on the year, despite overall stocks increasing.
A booming butterfat market is good for some dairy products but threatens efficiency and margins for cheesemakers unless protein levels catch up
Land values are increasing faster than farm income, making it more challenging for young and beginning farmers to expand, but supporting equity for current landowners.
Smaller flocks and lower lay rates are pressuring table egg supplies, even as hatchery activity edges higher.
Smaller slaughter numbers across beef and pork signal tighter supplies into late 2025, while record-low veal production highlights ongoing structural changes in the sector.
Lower inventories and cautious farrowing plans suggest tighter hog supplies into 2026, keeping producer margins sensitive to demand trends and health risks.
A new study by the National Grains and Feeds Association found that their industry generates $401.7 billion in economic output and supports over 1.16 million jobs nationwide.
