Skip to content
Catholic Online Logo

By Catholic Online (NEWS CONSORTIUM)

7/16/2012 (2 years ago)

Catholic Online (www.catholic.org)

Food prices to go skyward with parched crop failures

The next time you're in the supermarket, you could be in for some serious sticker shock - food prices are sure to climb as farmers in the Midwest are fighting through the worst drought in 25 years. The drought has already negatively impacted supplies of corn and soybeans.

The arid weather is expected to hurt corn crops which will in turn impact retail prices in the weeks ahead. The full impact of the drought won't be felt until early August or September.

The arid weather is expected to hurt corn crops which will in turn impact retail prices in the weeks ahead. The full impact of the drought won't be felt until early August or September.

Highlights

By Catholic Online (NEWS CONSORTIUM)

Catholic Online (www.catholic.org)

7/16/2012 (2 years ago)

Published in Home & Food

Keywords: Drought, Midwest, farms, market prices, meat, milk


LOS ANGELES, CA (Catholic Online) - Furthermore, the summertime drought will impact everything from milk to meat. It's all contingent on the weather in the coming weeks, and if Mother Nature decides to gift farmers with some rainfall in the coming months.

"We're at the cusp of seeing how severely this is going to impact consumer prices," Darrel Good, professor emeritus of agricultural and consumer economics at the University of Illinois at Urbana-Champaign says.

The current drought and high heat has "already done permanent damage to the crops, but our concern is the outlook for the weather is not very good and we're expecting a further deterioration.

"Prices will go up ever higher and have more severe and long-lasting impacts."

However, it must be noted that prices in the next few weeks for certain products may end up being major deals due to the drought.

Prices for beef and pork are expected to drop in the next few months as farmers slaughter herds to deal with the high cost of grains that are used as livestock feed. Shawn Hackett of the agricultural commodities firm Hackett Financial Advisors says that everything from milk to salad dressing is going to cost more in the near term, and eventually the meat deals will evaporate as demand outstrips supply.

The arid weather is expected to hurt corn crops which will in turn impact retail prices in the weeks ahead. The full impact of the drought won't be felt until early August or September, said

"We don't yet know what's going to happen and we don't yet know how severe the drought will be and the amount we end up getting at the end of the corn harvest," Richard Volpe, research economist for the Economic Research Service of the U.S. Department of Agriculture says.

Volpe wouldn't provide specific projections based on conditions now, but he did say price increases for milk, that were expected to be flat or decline this year, could head up "if there's a major jump in feed prices."

"There's been enough damage that we know we're not going to have a record crop in field corn. Now the question is, how far below the record crop is this going to fall? What happens in next two weeks will drive what happens to corn and that will have an affect on all food prices."

.

---


Pope Francis: end world hunger through 'Prayer and Action'


© 2014 - Distributed by THE NEWS CONSORTIUM

Pope Francis Prayer Intentions for July 2014
Sports:
That sports may always be occasions of human fraternity and growth.
Lay Missionaries: That the Holy Spirit may support the work of the laity who proclaim the Gospel in the poorest countries.



Comments


More Home & Food

Food scale is an essential tool in any diet plan Watch

Image of The best food scale, then, is within your budget; has numbers you can read easily; has a cup or bowl large enough to hold the food you need to weigh; and is easy to clean and store.

By Catholic Online (NEWS CONSORTIUM)

In any effort to lose weight, determining the calories per serving is an essential way to track food intake. A food scale can help any dieter find out how much of their favorite foods they can eat.  LOS ANGELES, ca (Catholic Online) - Experts agree that a ... continue reading


Move over quinoa! There's a new superfood in town Watch

Image of Fonio is a new super grain from Africa, rich in protein and amino acids, but is also low in sugar.

By Catholic Online (NEWS CONSORTIUM)

There are several new kids on the block in the world of superfoods, and many may be coming to supermarkets in the near future. LOS ANGELES, CA (Catholic Online) - Because grains such as quinoa and spelt have proved so popular in the world of health food, nutritionists ... continue reading


Three things that should be in every Catholic home - How many do you have?

Image of Many Catholic homes have a small altar or devotional corner.

By Catholic Online (NEWS CONSORTIUM)

One of the most enjoyable features of a home is that you get to decorate it. It doesn't matter if your home is a room, or a tiny apartment, or a 100-room mansion. What matters is that it's your space and you choose what happens there, including how to decorate it. LOS ... continue reading


Tomato Pie, a Creamy Southern Treat

Image of Yummy tomato pie is sure to please the whole family.

By Veronica Gantley

When the first glorious vine ripened homegrown tomatoes appear in my garden, I get excited! I know that it is Tomato pie time, and soon I will be enjoying thick slices of this creamy Southern Treat. VIRGINIA BEACH, VA - This recipe is best served when tomatoes are at ... continue reading


The superfoods you need for healthy living, and the six you don't! Watch

Image of Watercress was the winner in the study, scoring 100 in the study.

By Catholic Online (NEWS CONSORTIUM)

Dietary experts and researchers from William Paterson University in New Jersey conducted a new study which compares the nutrient density of different fruits and vegetables and published their surprising results in the CDC journal Preventing Chronic Disease. LOS ... continue reading


Black Colonial Candle Lamp adds flair to any environment

By Catholic Online (NEWS CONSORTIUM)

This Black Colonial Candle Lamp is sure to compliment every décor! Its sleek black matte finish makes it unobtrusive when placed with similar objects, or can become a real focal point to any room or porch when set aside by itself. LOS ANGELES, CA (Catholic ... continue reading


Bourbon Burger

By Veronica Gantley

Nothing is more American than the burger. A great burger starts with great ground beef, a 20% fat content is ideal for a melt in your mouth burger. VIRGINIA BEACH, VA - It is hot outside, and it is only going to get hotter. Why heat up your house unnecessarily? ... continue reading


Hot Cross Buns

Image of Warm Hot Cross Buns are very tasty.

By Veronica Gantley

It is believed a very popular Lenten tradition is the Hot Cross Bun. In Europe these buns were baked for Good Friday.  LOS ANGELES, CA - It is believed they originated at St. Alban's Abbey in England around the fourteenth century. The monks distributed them to the ... continue reading


Making sure local seafood -- STAYS local seafood, authorities move in Watch

Image of With  92 percent of all seafood in the U.S. is imported elsewhere, and the government is coming down hard to insure truth in advertising.

By Catholic Online (NEWS CONSORTIUM)

In coastal towns across the United States, in both the Pacific and the Atlantic, one can see many stands offering up seafood that boasts of being locally caught and processed. That isn't necessarily so -- 92 percent of all seafood in the U.S. is imported ... continue reading


Opposites attract: Walmart to start selling organic food Watch

Image of Walmart will first introduce Wild Oats at 2,000 stores at first, only half of its national footprint, and then roll it out to the rest of the country.

By Catholic Online (NEWS CONSORTIUM)

Organic food and Walmart doesn't sound like a perfect match. Those who shop at Walmart do so because they want something at the cheapest price - or because they can shop nowhere else. Organic food is thought of as being a high-end item, made by educated ... continue reading


All Home & Food News

Newsletters

Newsletter Sign Up icon

Stay up to date with the latest news, information, and special offers

Daily Readings

Reading 1, Jeremiah 2:1-3, 7-8, 12-13
1 The word of Yahweh came to me, saying,2 ... Read More

Psalm, Psalms 36:6-7, 8-9, 10-11
6 your saving justice is like towering mountains, ... Read More

Gospel, Matthew 13:10-17
10 Then the disciples went up to him and asked, 'Why ... Read More

Saint of the Day

Saint of the Day for July 24th, 2014 Image

St. John Boste
July 24: One of the Forty Martyrs of England and Wales. He was born at ... Read More

Inform, Inspire & Ignite Logo

Find Catholic Online on Facebook and get updates right in your live feed.

Become a fan of Catholic Online on Facebook


Follow Catholic Online on Twitter and get News and Product updates.

Follow us on Twitter