Drought, a chicken illness, war in Ukraine and politics at the border are adding to supply-chain disruptions and driving higher food prices.
That’s because corn is used to manufacture the ethanol. That corn would ordinarily be used for consumer goods and, crucially, animal feed. Because feed accounts for 60 percent of the costs associated with raising livestock, experts expect prices to rise for beef, pork and poultry, and even for some farmed fish.
three quarters of them egg-laying hens, said Courtney Schmidt, a sector analyst in Wells Fargo’s Food and Agribusiness Industry Advisory group who focuses on protein and dairy. The U.S. Agriculture Department’s price for eggs has tripled since November and turkey breast prices are at a record high, she said.April and May are peak months for avian flu because migration patterns take wild birds over parts of the country dense with poultry farms, their droppings infecting domesticated flocks.
California’s ‘Cantaloupe Center’ struggles to reign supreme as drought pummels agriculture across the West “It’s a balancing act,” he said. “You can ask for a higher price, but at some point, consumers trade down or trade away. And when they trade away, you have fruit sitting in that cooler.”Produce coming from Mexico, stalled at the border for days, has gotten more expensive at a time of year when the United States still relies heavily on imports.
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