Chicken Prices Expected to Rise
Monday, February 27th, 2012
A shortage of poultry will drive up chicken prices for consumers, according to the recently released USDA Agricultural Projections to 2021 report and featured in the February issue of Food Nutrition & Science.
The USDA predicts a decline in this year's poultry supply will drive up prices, however, the report suggests it's temporary, and in 2013 poultry supplies will increase. According to the report, the supply of beef will also decline for the next two years, but in 2017 there could be a record level of supply and prices could fall.
"U.S. retail food prices rose faster than the general inflation rate in 2011 and are projected to do so again in 2012," says Phil Lempert, founder of Food Nutrition & Science and CEO of The Lempert Report and SupermarketGuru.com. "The good news is prices for major crops such as corn are projected to decline in the short term as global production responds to recent high prices. This will help consumer's wallets."
Also in this month's Food Nutrition & Science, an article on how schools are serving breakfast to students to help improve concentration and nutrition, how eating by numbers is hurting the American diet, and why snacking is actually beneficial.
In addition, Food Nutrition & Science features interviews with Ohio Farmer Lucy Goodman, Good Greens company FounderKeith Pabley, and Felix Musco, president of the Musco Family Olive Co., that has recently attracted attention with its ground breaking waste program. In addition, Farmer Travis Gebhart who operates a commercial cow calf operation in Northwestern South Dakota gives readers a video tour of his farm.