USDA continues to increase its forecasts for food price inflation for various grocery store items, led by beef and pork prices, but so far it has not raised the overall outlook for all foods ...
USDA initially expected 2022 egg prices to be down 0.5% to up 0.5%. While wholesale beef prices decreased by 3.6% in March 2022, USDA noted retail beef prices increased by 1%. “Wholesale pork ...
The report assesses that “beef is considered a luxury product by consumers and, thus, demand is expected to be more impacted by economic prospects than the price ... to the USDA, these are ...