Food prices in 2020 increased by 3.9% from 2019, according to the U.S. Bureau of Labor Statistics (BLS). Prices for the food-at-home category, where the buyer is the consumer, also climbed at the same 3.9% rate last year, the largest yearly rise since 2011.
Gilbertie attributes that higher inflation rate to the rise in grain prices and the “failure and subsequent rebuild of China’s hog herd.” The Chinese had to import huge amounts of animal proteins to replace the lack of meat from hog herds hit hard by African swine fever. Then China imported grains to feed the hogs as the nation worked to rebuild their numbers, he says.
Corn CH21, -1.83% C00, -1.93% and soybean SH21, -0.58% S00, -0.74% prices are higher so far this year. Last year, corn futures climbed by nearly 25%, wheat WK21, -2.06% W00, -2.06% was up almost 15% and soybeans rose by more than 37%.
China is behind most of the increase for corn and soybeans, says Olvera. Brazil and the U.S. supply the bulk of the beans to China and last year. Brazil essentially ran out of exportable soybean supplies and was actually importing them.
Do not go where the path may lead, go instead where there is no path and leave a trail . Ralph Waldo Emerson
Sometimes you have to fall to stand more fearlessly, with greater kindness. Jeff Foster
kelabar: Gasoline up to $1.50 Aus dollars/litre here. That equals $4.20 US/gallon!
Aug 6, 2021 6:58:31 GMT -6
acdoctor: acdoctor here with a shout out from SC.
Oct 13, 2021 14:22:42 GMT -6
dirtdiva: welcome acdoctor
Oct 16, 2021 17:59:17 GMT -6
Deleted: Merry Christmas to everyone and a Happy New Year.
Dec 21, 2021 12:36:52 GMT -6
kelabar: And to you toetapping as well as everyone else.
Dec 23, 2021 5:35:24 GMT -6
blueshoes: do y'all use the mobile app and that's why the shoutbox has been empty since last year? The Forum's not quiet though
May 22, 2022 2:31:17 GMT -6
JIM: Guess not enough ppl are that interested in the shout box
May 23, 2022 16:57:03 GMT -6
JIM: I saw 3.99 at 3 or 4 places in Tyler Texas yesterday.everywhere else.4.09 or higher.
Jul 12, 2022 10:04:41 GMT -6
drhenley: "Guess not enough ppl are that interested in the shout box"
Sept 7, 2022 6:51:52 GMT -6
drhenley: NOT that I'm not interested in the shout box, I just forget to check it.
Sept 7, 2022 6:52:31 GMT -6
twp: Perhaps a link to the shout box, in the top menu, would make it more popular? I just found by accident it at the bottom of a thread.
Dec 14, 2022 13:35:43 GMT -6
sparky1: happy New Year .just updating being here
Jan 22, 2023 16:48:22 GMT -6
kelabar: Hey, sparky1. Good to hear from you. As you can see it takes a while for people see the shoutbox!
Feb 11, 2023 5:12:35 GMT -6
robinjopo: Been a while. It is cold and rainy today. Even the dogs have the barometer blues
Feb 25, 2023 9:21:24 GMT -6
twp: Time to "Scream, Shout and Run About"? Our local homeless population has grown in the last few months...
Mar 13, 2023 15:20:16 GMT -6
sparky1: Hello all im still here in richmond,Va. have a great weekend.
Apr 21, 2023 15:38:58 GMT -6
robinjopo: Hello, I am trying to find Dirt Diva. haven't seen her in a while.
Jul 11, 2023 4:34:48 GMT -6
kelabar: Hi, robin. Maybe try ausprep dot com for Dirt Diva. She was on there at one stage. Cheers. And a belated hi to sparky1 too!
Jul 14, 2023 2:57:33 GMT -6
JIM: I've asked about dirtdiva in anoucments.and in one post is a link to her forum
Aug 1, 2023 14:33:29 GMT -6