Loading…
Purdue's Center for Commercial Agriculture reports US food price inflation slowed to 2.5% through November 2023, the weakest since 2019. Beef prices rose 8.8% on tight cattle supplies, while egg prices fell 30% as avian flu faded.
Lower egg prices reflect easing avian flu losses, while tight cattle supplies keep beef expensive. Protein price trends matter for feed demand and the outlook for competing meats.
ag.purdue.eduSarah E Zahn, Morgan FrenchJan 16, 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.
