Dairy, Meat Prices to Rise

Food price inflation will return in 2010, led by an increase in milk, beef, pork and chicken prices, according to Michael Swanson, a senior economist at Wells Fargo, in a report for Bloomberg NewsWire. Swanson predicts that food prices could rise as much as 6% next year, and that meat and dairy costs will be affected by rising demand, rising prices for corn and animal feed, and lower supplies,

NEW YORK — Food price inflation will return in 2010, led by an increase in milk, beef, pork and chicken prices, according to Michael Swanson, a senior economist at Wells Fargo, in a report for Bloomberg NewsWire.

Swanson predicts that food prices could rise as much as 6% next year, and that meat and dairy costs will be affected by rising demand, rising prices for corn and animal feed, and lower supplies, caused by production cuts that suppliers made in 2008 and 2009.

“P

Register to view the full article

TAGS: Dairy