Loading…
The USDA's Economic Research Service forecast U.S. food prices will rise about 5% in 2022, a two-point increase from its forecast a month earlier and the highest annual food inflation rate since 2008. Poultry prices are forecast to rise 6.5%, dairy 4.5%, and fruit and vegetables 4%.
Higher forecast food inflation signals firm demand for feed-linked proteins and dairy, while bird flu and historically low frozen chicken stocks support poultry prices. Input costs tied to the Ukraine conflict and energy add upward pressure on feed and food commodities.
agriculture.comMar 28, 2022Not enough comparable past events yet for a historical read.
After 237 past bullish report events, Milk (Class III) moved a median +0.0% over 5 sessions (51% higher; middle half -0.3% to +0.6%), and +1.2% over 20.
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.
