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U. S. Meat, Dairy Prices To Rise In 2010

U. S. hog and dairy prices are forecast to rise in 2010 from their current money-losing levels, but the outlook depends in part on an overall economic recovery, a University of Missouri think-tank said Aug. 18.

In a mid-year update, the Food and Agricultural Policy Research Institute lowered its forecasts for farm gate prices for corn and wheat from its March “baseline” report.

“The U. S. livestock and dairy sectors have experienced lower meat and dairy prices during 2009 that have left these sectors in a bleak financial situation,” said FAPRI. “This outlook shows 2010 price recovery but is dependent on general economic recovery and continued supply-side reductions.

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