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ThePoultrySite Latest News
Wednesday, May 07, 2008
Print This Page Chicken Price Bubble Still Rising in US
US - Another American food inflation is on the way and this time it is being headed by rising prices for chicken and pork likely to come from higher prices for chicken and pork.According to the Tennesean, overall food inflation could double this year, lifted by the rising costs of fuel, corn and soybeans, some analysts predict.
Food inflation hit four per cent last year, up from 2.4 per cent in 2006.
While beef prices were already high, chicken and pork prices didn't reflect record costs for feed and fuel.
That's poised to change as chicken and pig producers who have been losing money slaughter more animals to decrease the supply and raise the prices they can charge.
ThePoultrySite News Desk
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