Thursday, November 20, 2008

Day 235-Nutritional Bite

"Food-industry economists, forecasting continued higher feed costs for chickens, hogs and cattle, believe food costs will rise at least seven percent in 2009; Bill Lapp, a private consultant, says food prices could rise even higher, by nine percent, as he states, 'the sizable increase in the cost of producing food has not been fully passed onto the consumer.' Lapp also notes that foodmakers are paying more for wholesale items they use, and these prices have climbed faster than grocery and restaurant prices, forecasting additional price hikes for consumers. Major feed crops such as corn and soybeans, as well as wheat, are expected to rise in wholesale price to twice their 2005 levels, in spite of a decline in price over the past summer. 2009 will mark the third year in a row that food prices have risen faster than overall U.S. inflation; current food inflation is now the highest since 1990. The forecasts were announced during a conference call arranged by a group of 'major foodmakers'. "Click on article for more details

Sugar Preacher's Experience

I noticed a price increase in dairy and meat products. Also, I have seen an increase with wheat prices. I am trying to reduce my meat and dairy consumption, and learn to utilize my food storage. I have a year's supply of beans and grains. Now, I just need to learn to grind wheat and cook beans from scratch.

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