Skip to content
Catholic Online Logo

By Catholic Online (NEWS CONSORTIUM)

7/16/2012 (1 year 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.

Article Highlights

By Catholic Online (NEWS CONSORTIUM)

Catholic Online (www.catholic.org)

7/16/2012 (1 year 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 April 2014
Ecology and Justice:
That governments may foster the protection of creation and the just distribution of natural resources.
Hope for the Sick: That the Risen Lord may fill with hope the hearts of those who are being tested by pain and sickness.



Comments


More Home & Food

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


Refreshing, tasty - Green tea is also good for you! Watch

Image of Experts say you should try to choose a higher quality brand of green tea, because some of the lower quality brands can contain excessive levels of fluoride.

By Catholic Online (NEWS CONSORTIUM)

Some good dietary news: It's refreshing tastes good and is GOOD for you. Heralded as the healthiest hot drink of choice, new research has found that green tea can also be good for your mind. LOS ANGELES, CA (Catholic Online) - Scientists now claim green tea ... continue reading


GOOD NEWS: Enjoy your coffee and tea! Watch

Image of Our relationship with caffeinated beverages is a most dysfunctional one, it seems: Something that brings a smile to our face in the early morning hours must be inherently bad, some reason.

By Catholic Online (NEWS CONSORTIUM)

People around the world continue to enjoy caffeinated beverages. It's estimated that the world drinks 1.6 billion cups of coffee and around twice as many cups of tea. Our relationship with caffeinated beverages is a most dysfunctional one, it seems: Something ... continue reading


A Lenten Soup Supper

Image of

By Veronica Gantley

I think I can speak for all of us when I say that we are so tired of this weather. Just when we think the weather is improving, we get sucker punched yet again by Mother Nature. The good thing is we still have lots of Winter vegetables in our Super Markets. I can't ... continue reading


Got a sweet tooth? Keep sugar intake down to six teaspoons daily, WHO says Watch

Image of Sweet and sugary . so delicious and so deadly.

By Catholic Online (NEWS CONSORTIUM)

Sweet and sugary, so delicious and so deadly. "Added sugar is a completely unnecessary part of our diets, contributing to obesity, type II diabetes and tooth decay," Graham MacGregor, a London cardiologist and health campaigner, says. "We have known about the ... continue reading


Student-led project gives breakfast to 1,500 at homeless shelters Watch

Image of The school-wide project was part of a larger venture organized by Catholic Charities. Entitled

By CNA/EWTN News

Students at St. Peter's School in Washington, D.C., led a recent project to assemble 1,500 bagged breakfasts for those seeking refuge from the cold in homeless shelters around the city. WASHINGTON,DC (CNA/EWTN News) - "It's so important to understand that we have ... continue reading


Under great pressure, Subway Sandwiches will stop using - 'special ingredient' Watch

Image of In its industrial form for use in plastic and rubber, azodicarbonamide is associated with asthma and other allergic reactions.

By Catholic Online (NEWS CONSORTIUM)

It took awhile, but news about Subway Sandwiches will cease using a most unappetizing "special ingredient" in its bread. Said ingredient, called azodicarbonamide, is commonly used in the production of both plastics and rubber. LOS ANGELES, CA (Catholic Online) ... continue reading


ANY SURPRISE? United States fails to make Top 20 lists when it comes to healthy diets Watch

Image of A lot of American food isn't good for you -- but it tastes good!

By Catholic Online (NEWS CONSORTIUM)

The Netherlands is the best place in the world to eat, according to new research. People in the African nation of Chad are the worst off when it comes to their food consumption. The United States - with little surprise, with our reliance on processed foods came ... 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, Acts 3:1-10
1 Once, when Peter and John were going up to the ... Read More

Psalm, Psalms 105:1-2, 3-4, 6-7, 8-9
1 Alleluia! Give thanks to Yahweh, call on his name, ... Read More

Gospel, Luke 24:13-35
13 Now that very same day, two of them were on their ... Read More

Saint of the Day

Saint of the Day for April 23rd, 2014 Image

St. George
April 23: Pictures of St. George usually show him killing a dragon to ... 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