The world will pay more for meat as food inflation deepens
. There are signs that the food inflation that's gripped the world over the past year, raising prices of everything from shredded cheese to peanut butter, is about to get worse. The COVID-19 pandemic upended food supply chains, paralyzing shipping, sickening workers that keep the world fed and ultimately raising consumer grocery costs around the globe last year. Now farmers — especially ones raising cattle, hogs and poultry — are getting squeezed by the highest corn and soybean prices in seven years. It has lifted the costs of feeding their herds by 30% or more. To stay profitable, prod...
Source: stripes.com
