USDA: Consumers predicted to pay more for pork
The USDA have recently published a summary on the Food Price Outlook for 2014-15. according to this outlook the USDA predict that consumers will be spending more on their pork purchases.
The US Department of Agriculture (USDA) predicts consumers will be spending 6.5% to 7.5% more this year for pork eaten at home. According to the USDA's Food Price Index, consumers paid 0.7% more for pork from June to July of this year, and 10.9% more year-over-year from July 2013 to July of this year. That same increase was shown from December 2013 to July of this year.
The USDA also predicts consumers will see an increase of 3% to 4% in the cost for pork in 2015.
The price of food that consumers will eat away from home is also expected to increase, 2.5% to 3.5% for this year, and 2% to 3% for 2015.
Source: USDA Food Price Outlook, 2014-15
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