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The USDA Food Price Outlook forecasts 2024 all-food prices to rise 2.2%, down from 5.8% in 2023. Food-at-home prices are predicted to rise 1% and food-away-from-home prices 4.3%.
For 2025, all-food prices are forecast to rise 2%.
Slower retail food inflation reflects easing input costs. It has little direct effect on feed commodity prices.
thepacker.comJul 25, 2024Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
