World food prices rose 1.4 percent in June over the previous month and 7.0 percent over June of last year, the United Nations food agency said on Thursday.
So much for the winter blues. It’s been so balmy across part of the U.S. that Americans have been firing up their grills at a time that’s usually better suited to sipping hot cocoa.
CME Group Inc., the world’s largest futures market, moved to curb a recent jump in price volatility in U.S. cattle futures while warning that the derivatives may be “broken” because of changes in the livestock industry.
Global food prices rose in May from the month before after three months of decline, and the world's food import bill is set to jump in 2017, the United Nations food agency said on Thursday.
Cattle markets continue their turbulent prices over the past months as prices declined 12 to 13 percent for all classes of cattle. This week, however, the trend is different.
Increased slaughter of cows and heifers in 2019 means fewer feeder cattle in 2020, leading analysts to project an uptick in prices for all classes in 2020.
Financial and political turmoil that put Brazil on the brink of a depression also is contributing to one of the best years ever for domestic farmers.
Retail beef prices are the highest ever in the U.S., and the wholesale cost of the meat is up 26 percent in 2014.