Beef Prices Up Nearly 18%

Agriculture

I’m Clinton Griffiths with today’s AgDay Minute.

Don’t expect food prices to come down any time soon. The U.S. Department of Agriculture revising its outlook higher once again this month. The agency’s Economic Research Service is saying meat prices are leading the charge. With meat prices now forecast to rise anywhere from 5.5 to 6.5 percent.

In September, Beef prices were up nearly 18 percent compared to a year ago. Pork is nearly 13 percent higher. USDA says, “Prices have been driven up by strong domestic and international demand, labor shortages, supply chain disruptions, and high feed costs.”

Meanwhile, a new study by food product consultant CHEW found beef tops plant-based burgers when it comes to taste and nutritional value. The research compared nine of the top-selling plant-based patties to ground beef. It used a combination of blind taste testing and nutrition facts to arrive at the results.

Check out this scary scene. Brush caught fire at this farm near Denver. The location is also a haunted attraction for Halloween. No injuries were reported, but investigators are looking into what caused the fire.

And if you’re looking for a costume this Halloween, Heinz and Company say you just need a bottle of tomato blood– or ketchup. The Social media campaign says if you have ketchup and some clothes you have a costume. Heinz says folks can purchase their own bottle of tomato blood in stores while supplies last.

For more ag news watch AgDay, weekdays on this station. Or anytime…at agweb.com.

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