Food-at-home prices increased by 11.4 percent in 2022, more than three times the rate in 2021 (3.5 percent) and much faster than the 2.0-percent historical annual average from 2002 to 2021. Of the food categories depicted in the chart, all except beef and veal grew faster in 2022 than in 2021. In 2022, price increases surpassed 10 percent for food at home and for nine food categories. Egg prices grew at the fastest rate (32.2 percent) after an outbreak of highly pathogenic avian influenza (HPAI) throughout 2022.
Prices for fats and oils increased by 18.5 percent, largely because of higher dairy and oilseed prices. Prices also rose for poultry (14.6 percent) and other meats (14.2 percent). Elevated prices for wholesale flour—attributed to the conflict in Ukraine and rising fertilizer prices—and eggs contributed to a 13.0-percent price increase for cereals and bakery products.
REPOSTED FROM ERS.USDA.GOV – READ FULL ARTICLE HERE
Cattle numbers in the PNW are moving differently than the national trend. 📈 USDA’s April Cattle on Feed report showed national feedlot inventory down year-over-year. But in the Northwest: • Idaho: 355,000 head, up from March and last year • Washington: 270,000 head, up from last year Why it matters: • Prices remain elevated •… PNW Cattle Trends
Meet the founders behind Root Ag Advisory: Skye and Becca Root They built Root Ag Advisory with a clear purpose: to help farmers, landowners, and investors make confident decisions about land, water, and agriculture. 🤝 Skye brings experience in farmland investment, water rights, ag finance, and farm real estate, backed by hands-on work in a… Meet the Founders: Skye & Becca Root
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