USDA says drought will raise food prices in 2013

Consumers should expect higher prices for milk, eggs and meat, analysts say.

 
By STEVE KARNOWSKI | Published: July 26, 2012   

MINNEAPOLIS — The drought gripping more than half the country is a major reason why consumers can expect to pay 3 percent to 4 percent more for groceries next year, the U.S. Department of Agriculture said Wednesday.

photo - Butcher Freddie Quina cuts meat Wednesday at Super Cao Nguyen in Oklahoma City. AP Photo
Butcher Freddie Quina cuts meat Wednesday at Super Cao Nguyen in Oklahoma City. AP Photo

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Milk, eggs, beef, poultry and pork prices will all be affected because the drought has pushed up prices for feed, and that will eventually translate into higher prices for steaks, hamburger,...
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