Grocery Prices Up Slightly and Bird Flu Vaccine Coming
From the Ag Information Network, I’m Bob Larson along with your Agribusiness Update.
**Grocery costs elevated barely final month, in response to the latest Consumer Price Index.
The Consumer Price Index for All Urban Consumers elevated 0.3% in January on a seasonally adjusted foundation, after rising 0.2% in December.
The meals index AND the meals at home index each rose 0.4% in January, whereas meals away from home rose 0.5%.
For the 12 months, the meals at home index rose 1.2%, whereas meals away from home rose 5.1%.
**Ag Secretary Tom Vilsack says a U.S. vaccine for chicken flu is coming.
That information as CCD information reveals greater than 81 million U.S. poultry and aquatic birds have been killed by avian flu since January 2022.
This 12 months, the U.S. has discovered chicken flu in eight industrial flocks and 14 yard flocks, affecting 530,000 birds.
Vilsack says we’re in all probability 18 months away from a vaccine efficient for present flu strains.
**The federally backed crop insurance coverage program will cost a further $27.7 billion over the subsequent decade.
A Congressional Budget Office report says the federal government pays roughly 62 cents of every greenback in premiums, and gross sales of livestock and forage insurance policies are exploding.
A Farmdoc report says crop insurance coverage prices ought to rise by 29% to just about $125 billion for the last decade ending in 2033.
