date:Jun 02, 2012
The 2012 Food Price Index and Forecast reported that American beef and veal prices increased by 10.2%, pork prices by 8.5% and poultry by 2.9%.
Overall, meat prices experienced the second-largest increase of all food-at-home categories (8.8%) behind fats and oils, which rose by 9.3% between 2010 and 2011.
Beef and pork price increases in 2011 were driven largely by record-low inventories for cattle and hogs, combined with strong international demand for beef and pork products, said Richard Vo