Americans spent a record amount on food last year, even with inflation considered, partly for the convenience of take-out and restaurant food, said two USDA economists.
World food prices fell for a third straight month in June, but the United Nation’s food agency says those prices are close to record levels set in March.
The United Nation’s Food and Agriculture Organization says its Food Price Index set a record in March. The index averaged 159.3 points, up almost 18 points from February.
NAFTA talks between the U.S., Canada and Mexico concluded four days of ministerial-level meetings. U.S. is working on a export deal on Red Meat with Mexico.
USDA’s programs unable to achieve reduction in emissions to meet water quality goals. India is a growing market for U.S. pork with excellent long-term growth.
Fewer wheat acreage causing some recent bearish news in the wheat markets. Federal crop insurance popular among farmers. New grading standards for Mexican beef.