USDA: Food Prices to Rise in 2008

USDA: Food Prices to Rise in 2008

Well…duh.

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Summary:

  • US retail prices in 2007 rose about 4% – highest gain in 17 years
  • Similar gains expected for 2008
  • Reduced production of meat and poultry expected in 2009 (our next investment theme, maybe?)

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