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Recent News and Articles on the Keywords: food inflation + pork prices + pork  Related to the article below (Last Update: 6/11/2008)


The Money Times
Corn crop flooded out in US
London Free Press, Canada -
Though higher food prices have already hit other countries, Canada's food inflation has been relatively tame over the past year, thanks partly to the rising ...
Weekly Market Commentary: June 9th - June 13th Seeking Alpha
Hurt by rain, US corn crop to fall short of demand guardian.co.uk
all 210 news articles »
China's Export Growth Probably Slowed, Inflation May Have Eased
Bloomberg - Jun 9, 2008
``Inflation has peaked, at least temporarily,'' said Ben Simpfendorfer, a currency strategist at Royal Bank of Scotland in Hong Kong. ``Pork prices have ...
Price rises ease on improving food supplies
South China Morning Post (subscription), Hong Kong -
Vegetable and pork supplies are recovering from the snowstorms earlier this year and an outbreak of pig disease. The Ministry of Commerce said retail food ...
China Inflation Rate Falls From Close to 12-Year High
FreshPlaza, Netherlands - Jun 10, 2008
This year's surge in inflation has largely been driven by food, which makes up about one-third of the consumer-price index. Vegetable and pork supplies are ...
Chinese May CPI inflation eases to 7.7 pct-sources
guardian.co.uk, UK - Jun 9, 2008
Because of past policies to boost food, especially pork production, I think we'll see the CPI dropping further in the coming months and average 5.5 to 6 ...
ALL BUSINESS: Spam, TVs on consumers buying lists
The Associated Press -
But that isn't slowing sales ? Spam's maker, Hormel Foods, said strong sales of its pork-in-a-can helped push up its second-quarter profits 14 percent. ...
Your grocery bill and why it's rising
Royal Gazette, Bermuda -
Meanwhile the price of Herts potato chips has remained at $1.99 and Excel fresh boneless pork chops are still $3.99 a pound. Over at Lindo's the price of ...
China inflation eases to 7.7pc, sources say
The Standard, Hong Kong -
Because of past policies to boost food, especially pork production, I think we'll see the CPI dropping further in the coming months and average 5.5 to 6 ...
A third day of record corn prices
Toronto Star,  Canada - Jun 9, 2008
Farmers are worried that excessive rain in the US Corn Belt will damage recently planted crops and hurt yields, adding to the food inflation that has driven ...
Commodities boom as credit goes bust
FinanceAsia, Hong Kong -
By Rupert Walker | 11 June 2008 "The widespread and rapid rise in food price inflation in Asia has caught analysts and policy makers by surprise,? writes ...
Source: Google News

Food Price Policy Can Favorably Alter Macronutrient Intake in China 1 -
X Guo, BM Popkin, TA Mroz, F Zhai - Journal of Nutrition, 1999 - Am Soc Nutrition
... designed to remove the effect of inflation and allow ... There was an important effect
of changes in food prices. ... As grain prices go up, pork prices will also rise ...

… price transmission with the error correction representation: An application to the German pork -
SVON CRAMON-TAUBADEL - European Review of Agricultural Economics, 1998 - Oxford Univ Press
... for accumulated and anticipated inflation, while inflation will already ... Marketing
chains for food products are often much ... at all levels of the US pork and beef ...

Price Cycles and Asymmetric Price Transmission in the US Pork Market -
DJ Miller, ML Hayenga - American Journal of Agricultural Economics, 2001 - Blackwell Synergy
... relation- ship between money growth, inflation, and nominal ... the meat processing and
retail food marketing sectors ... are weekly observations of pork prices at the ...

[PDF] THE CHANGING DEMAND STRUCTURE FOR PORK AND BEEF IN THE 1970S: IMPLICATIONS FOR THE 1980S -
C Braschler - Southern Journal of Agricultural Economics - ageconsearch.umn.edu
... changes for food since the decade was marked by un- ... shortages, which stimulated higher
inflation and re- and preferences for the three major meats (pork, beef, ...

Transfers and Distortions Along CEEC Food Supply Chains -
M Gorton, A Buckwell, S Davidova - Central and Eastern European Agriculture in an Expanding …, 2000 - books.google.com
... Romania Slovenia Wheat Milk Pork Beef Chicken ... Transfers and Distortions Along Food
Supply Chains ... a macroeconomic crisis with high inflation, rapid depreciation ...

[PDF] Price Transmission and Marketing Margins in the Slovenian Beef and Pork Markets During Transition
S Bojnec - 2002 - ageconsearch.umn.edu
... and relative price volatility for Russian food prices during a ... than in Russia, as
the annual inflation rate was ... when only fresh beef and pork prices at the ...

[PDF] Measures of Changes in Demand for Beef, Pork, and Chicken, 1975-1998 -
WD Purcell - Research Institute on Livestock Pricing, Virginia Tech … - naiber.org
... Figure 2 shows the scatter plot for pork with inflation-adjusted prices
and per-capita consumption since 1960. It is fairly easy ...

[PDF] Structural Change and Competition in Seven US Food Markets -
AJ Reed, JS Clark - 2000 - ers.usda.gov
... than competitive retail prices. This study presents empirical tests of market power
at the national level for seven food categories: beef, pork, poul- try, eggs ...

[PDF] Vertical Coordination of Marketing Systems: Lessons From the Poultry, Egg and Pork Industries -
S Martinez - 2002 - ers.usda.gov
... and sorting costs from consumers to the food supply system ... coordination in the poultry,
egg, and pork industries, one ... Each producer knows prices and production ...

… Liberalization and China?s Food Economy in the 21 stCentury: Implications to China?s National Food -
J Huang, C Chen, S Rozelle, F Tuan - Agricultural trade and policy in China: Issues, analysis and …, 2003 - books.google.com
... and China's Food Economy 59 price inflation of 1985 ... we repeat the projection of China's
food supply, demand ... possibility, we assume that world pork and poultry ...

Source: Google Scholar
   
   

Americans may be getting another helping of food inflation, and it seems likely to come from higher prices for chicken and pork.

Overall, food inflation could double this year, lifted by the rising costs of fuel, corn and soybeans, some analysts predict.

Food inflation hit 4 percent last year, up from 2.4 percent in 2006. While beef prices were already high, chicken and pork prices didn't reflect record costs for feed and fuel. That's poised to change as chicken and pig producers who have been losing money slaughter more animals to decrease the supply and raise the prices they can charge.

Higher food inflation would further challenge shoppers who are already limiting themselves to sale items and store brands as they contend with the worst food inflation since 1990.

Mary Lee Rydzewski, a retired Amtrak engine dispatcher who lives in Cheshire, Conn., says she has already switched to store brands and sale items because of higher food prices. If they increase more, she plans to cut back again.

But Karen Leedahl, a pastor who lives in Latrobe, Penn., said she always bought store brands and shopped for sale goods. Two weeks ago, she started walking more than a mile round-trip to the grocery store instead of driving.

If prices increase more, "I'm kind of in trouble," she said. "I was already trying to save."

U.S. shoppers spent 5.8 percent of their income on food in 2006, according to the U.S. Department of Agriculture — a lower proportion than any other nation. In the United Kingdom, consumers spent 8.7 percent of their income on food, and in most of the world it's at least 10 percent.

But the U.S. portion seems certain to rise, as chicken and pig producers say prices have to go up as feed costs increase.

"American consumers are only just beginning to feel the impact of sharply higher food prices," said Pilgrim's Pride Chief Executive Clint Rivers. The nation's largest chicken producer posted a wider quarterly loss Monday as it paid more for feed and took a restructuring charge.

Pork farm losses may total $3.8 billion for 2008, one-quarter of total production, according to Chris Hurt, an agricultural economist at Purdue University. He calls the industry "a financial disaster in progress."

It will be easier for publicly traded meat producers to weather a money-losing quarter than for farmer Bill Tentinger in LeMars, Iowa. Tentinger said he expects to spend $85 per hundredweight feeding his hogs this year; at current levels, they will fetch prices in the mid $40s.

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"Take that figure, times 10,000 hogs, and see if you can eat breakfast decent in the morning," said Tentinger, 59.

The biggest driver to prices is grain costs, which have been affected by the rise in ethanol production and strong export demand due to the weak dollar. Corn costs have more than doubled over the past two years from $2.50 a bushel to $6.

Jim Hertel, of Willard Bishop food-retail consultants, is counseling his grocery-store clients on price-increase strategies. One piece of advice — don't make your store brands too cheap. Shoppers who buy them are looking for a 20 percent discount, so stores that price them 30 percent cheaper are losing money.

"We haven't seen hard-core food inflation for 30 years," he said. That's not only a challenge for shoppers, it's a challenge for retailers, he said. "A lot of people who knew what to do, who learned their lessons in the late 70s or early 80s, they're retired at this point, if they're lucky."

Copyright © 2008 The Seattle Times Company


 

 

 

 

 
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