Food costs jumped last month, and it is not just eggs that are taking a bigger bite out of your pocket.
Yesterday’s CPI report showed the cost of cooking meals at home jumped half a percent last month. On the year, grocery prices are up just shy of two percent.
Eggs have been more expensive recently, but meats also saw a jump. Bacon now costs four percent more than last month and is up six percent on the year. Beef also saw a rise, gaining five-and-a-half percent on the year.
Related Stories
George Baird, with the American Society of Farm Managers and Rural Appraisers (ASFMRA), joins us with updates on how this year’s rice harvest is shaping up.
Crop insurance remains a vital tool for managing climate-driven risk.
Expect firm demand for dependable HRS and SW, steady movement in HRW, more sorting on SRW, and selective bids on durum until full milling results are released.
Dr. Todd Davis, Chief Economist with the Indiana Farm Bureau, shares a snapshot of his state’s harvest conditions and insights from producers.
Market analyst Kevin Huddleston said news of trade deals could rebound cotton prices in late fall, and producers need to be ready to strike deals.
Shaun Haney, host of RealAg Radio, joined us to break down the latest data on Canadian farmland values and share insights on how it impacts producers.
Congress has just over a month of working days left for the year. Plan for uneven USDA service until funding is restored, and closely monitor Farm Bill talks, as avoiding Permanent Law before January 1 is the single biggest risk to markets and milk prices.
Harvest Builds As Logistics And Input Costs Shape Fall Decisions
“A government shutdown impacts all Americans and has serious consequences, including for farmers. It just adds additional uncertainty, disrupts critical services.”
