U.S. drought won’t affect all food prices the same

U.S. drought won’t affect all food prices the same

A field of soy beans meets drought-damaged corn in Mead, Neb. How the nation’s drought will affect food prices can be difficult to gauge. Some products will rise in price more than others.
Rising prices

Grocery alert: Drought has damaged much of the U.S. corn crop. As a result, the Agriculture Department expects grocery prices to rise between 3 percent and 4 percent next year, slightly more than usual.
Beef up: Beef prices are expected to spike by early next year as a result of smaller livestock herds and dwindling meat supplies. The USDA says the price hike will be among the biggest of any food item, up to 5 percent.
Spike-free: Fruit and vegetable prices are projected to rise only 2 percent to 3 percent. Produce typically is irrigated by farms and not as affected by drought conditions.
Associated Press

U.S. drought won’t affect all food prices the same

WEA
A field of soy beans meets drought-damaged corn in Mead, Neb. How the nation’s drought will affect food prices can be difficult to gauge. Some products will rise in price more than others.
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