The price shoppers pay for items such as meat at the grocery store are expected to continue the rapid rise. An updated Consumer Price Index shows wholesale beef prices could increase 20% this year.
Russia has reported a second outbreak of African swine fever at a site of the country's largest pork producer, Miratorg. The outbreak occurred in the Belgorod region in central Russia, Reuters reported.
From nitrogen to glyphosate, prices are posting 100% to 300% increases right now. Some farmers say they can’t even get retailers to price product until the inputs actually arrive at facilities.
This late season disease is nothing to hit the snooze button on. “This is a disease you have to pay attention to,” says Dr. Nathan Kleczewski, plant pathologist with Growmark.