By Thomas Heath, The Washington Post The United States is awash in pork, beef, eggs, milk and bountiful harvests. U.S. meat companies are producing nearly 5 percent more beef than in 2015, thanks in part to plentiful feed supplies. In turn, the big food producers like Cargill, are seeing profits rise. The Minnesota conglomerate recently reported a 66 percent jump in profits because of demand for its steaks and hamburgers. And yet the boom in supply is driving down prices at the grocery store, pinching retailer profits.
Food Prices Are Dropping, But Restaurant Prices Aren’t
The Washington Post, Denver Post: Living
Sat, 10/15/2016 - 11:00pm
Topics: thomas heath the washington post the united states cargill minnesota mcdonald s big mac related articlesoctober ditching ps lodo september chow morso italian avanti u.s department agriculture hudson for translation don t america s olive garden the almost the amazon october part restaurant riehle national restaurant association dropping food prices restaurant prices percent grocery stores restaurants demand industry menu store rise profits costs labor beef year spent report time consumers shop spend fresh problem gas news eating deflation week retailer million
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