Skip to content
Catholic Online Logo

By Catholic Online (NEWS CONSORTIUM)

7/16/2012 (3 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 (3 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'


Copyright 2016 - Distributed by THE CALIFORNIA NETWORK

Pope Francis Prayer Intentions for May 2016
Universal:
Respect for Women: That in every country of the world, women may be honored and respected and that their essential contribution to society may be highly esteemed.
Evangelization: Holy Rosary: That families, communities, and groups may pray the Holy Rosary for evangelization and peace.



Comments


More Home & Food

Have you heard about STEAK 2.0? The greatest change in human diet in 12,000 years is about to occur Watch

Image of Humans have raised cattle for food for over 12,000 years. Those days are about to come to an end, forever.

By Marshall Connolly (CALIFORNIA NETWORK)

A massive revolution in how we eat is about to hit store shelves and it will mark the greatest change in human food consumption since farming and ranching were developed over 12,000 years ago. This is no editorial exaggeration either, our diets are about the change. ... continue reading


Green potatoes? Must be St. Patrick's Day

Image of COLCANNON DELIGHT - Everyone thinks of corned beef and cabbage on St. Patrick's Day, but this unique Irish dish made with potatoes and kale can become the hit of the meal.

By Augusta Scattergood

(The Christian Science Monitor) - My younger daughter was born one day shy of St. Patrick's Day. We named her Kate for her Great-Aunt Kitty because we loved the name, not because she was Irish. I didn't understand then that a strong ancestral link could be forged with ... continue reading


A 'Catholic's Paradise' created by ... Domino's Pizza? Watch

Image of Ave Maria means 'Hail Mary' (YouTube).

By Kenya Sinclair (CALIFORNIA NETWORK)

Ave Maria Town, meaning "Hail Mary" Town, is located in Florida, roughly 40 miles from Naples. It opened in 2007 after popular pizza chain Domino's' CEO, Tom Monaghan, invested in its creation. LOS ANGELES, CA (Catholic Online) - In accordance to Monaghan's ideals, Ave ... continue reading


The candy cane's humble origins: Do YOU know the sweet treat's story? Watch

Image of Do YOU know what the origin of the candy cane is (Corbis)?

By Kenya Sinclair (California Network)

As soon as Thanksgiving is over, pine trees are erected and decorated, festive music can be heard, Christmas presents are purchased and wrapped and iconic holiday candies are released from their summertime hibernation. LOS ANGELES, CA (Catholic Online) - Every December ... continue reading


WHY WAIT? Check out NEW YouTube videos - now!

Image of

By Catholic Online (CALIFORNIA NETWORK)

Have you seen the Catholic Online YouTube channel yet? Every day thousands of people stop by our channel for a wonderfully peaceful and prayerful experience. Don't forget to subscribe today, so you don't miss out on over 100 beautiful Catholic videos, with new ones ... continue reading


10 surprisingly easy pet hacks to change the way you think about life Watch

Image of We love our pets but sometimes keeping up with their maintenance can be challenging. How can we simplify this?

By Kenya Sinclair (CALIFORNIA NETWORK)

We all love our fuzzy, soft, rough, feathery, scaly, wet, interesting pets, but sometimes they can be high-maintenance. What are a few fast and easy ways to keep them happy without costing us our comfort, time and money? LOS ANGELES, CA (Catholic Online) -  You've ... continue reading


3 surprising benefits to cooking with cast iron, and how to restore your pans to make better tasting food Watch

Image of Meals prepared in cast iron can be more nutritionally beneficial than others.

By Kenya Sinclair (CALIFORNIA NETWORK)

Cleaning, seasoning and maintaining cast iron cookware is important and can save you quite a bit of money. Cooking with cast iron pans and skillets is also a great way to get a healthy dose of iron, but what are the other benefits? LOS ANGELES, CA (Catholic Online) - ... continue reading


What you should eat to improve productivity and promote a healthy lifestyle Watch

Image of

By Linky C. (NEWS CONSORTIUM)

Experts revealed the top 22 foods you should eat at work to improve your performance in the office.  MUNTINLUPA CITY, PHILIPPINES (Catholic Online) - Experts revealed why you should be eating beetroot, marmite and yogurt to keep your performance at work in top ... continue reading


Are you giving this to your kid? The worst fast food kid's meals Watch

Image of Eat This, Not That! investigates the best and worst fast food children's options (Alamy).

By Atarah Haely (NEWS CONSORTIUM)

New York is considering a bill to limit the calorie count of fast food children's meals to only 500 calories. In an investigation conducted by Eat This, Not That! Magazine, meals served for kids in fast food chains go far above the limit.  MUNTINLUPA, PHILIPPINES ... continue reading


Homeless grow large garden for food in Atlanta Watch

Image of A garden plot on the Metro Atlanta Task Force shelter roof.

By Kenya Sinclair (NEWS CONSORTIUM)

Homeless people come together and plant a garden to provide food for a shelter in Atlanta. LOS ANGELES, CA (Catholic Online) - Anita Beaty, executive director of Metro Atlanta Task Force told Atlanta Progressive News, "It is important to share and train residents in ... continue reading


All Home & Food News

Newsletters

Newsletter Sign Up icon

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

Subscribe to Catholic OnlineYouTube Channel

the FEED
by Catholic Online

  • Prayer to Saint Valentine HD Video
  • New study reveals Catholics hold highest retention rate - but no one ...
  • A Prayer Before Surgery HD Video
  • Daily Readings for Thursday, May 26, 2016
  • Miracle for baby born without half his skull
  • Like Bartimaeus, We Are Blind: Cry out to Jesus, Lord Help Me to See!
  • St. Philip Neri: Saint of the Day for Thursday, May 26, 2016

Daily Readings

Reading 1, Genesis 14:18-20
18 Melchizedek king of Salem brought bread and wine; he was a priest of ... Read More

Psalm, Psalms 110:1, 2, 3, 4
1 [Of David Psalm] Yahweh declared to my Lord, 'Take your seat at my ... Read More

Gospel, Luke 9:11-17
11 But the crowds got to know and they went after him. He made them ... Read More

Reading 2, First Corinthians 11:23-26
23 For the tradition I received from the Lord and also handed on to you ... Read More

Saint of the Day

Saint of the Day for May 26th, 2016 Image

St. Philip Neri
May 26: If one had to choose one saint who showed the ... Read More