POULTRY PRICE INCREASES HIT AMERICANS IN THE WALLET.

nina | November 6th, 2013 - 9:00 am
Higher prices for chicken and dairy products are pushing up the average American’s grocery bill, according to the American Farm Bureau Federation.Several poultry and dairy product items increased in price during the second half of the year, accounting for much of the increase in the market basket.Chicken breast prices rose 61 cents to $3.93 per pound in the survey, compared with six months ago, while bacon was up 43 cents to $4.71 per pound.Other meats showed retail price decreases: deli ham, down 68 cents to $4.71 per pound; sirloin tip roast, down 28 cents to $4.35 per pound; ground chuck, down 5 cents to $3.69 per pound.

Overall, the total cost of 16 food items in the basket was up 3 percent from a year ago.

Separately, the Food and Agriculture Organization of the United Nations said world poultry prices climbed 2.8 percent in September from August, leading an overall increase of 1.8 percent for its Meat Price Index.

Strong demand for poultry drove the gain. Prices for beef were up only slightly, while pig meat remained unchanged.

Source:  meatingplace.com, 10-7-2013

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