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June 26, 2013

 

US pork prices decline, beef and poultry rise in May
 

 

US retail pork prices declined by 0.2% in May compared to a year ago, while beef and veal prices were up 1.7% and poultry prices were up 5.6%.

 

According to USDA report, compared to April, pork prices in May were up 0.6%, beef and veal were up 0.5% and poultry prices were unchanged.

 

In the monthly update of its Food Prices Index, USDA estimated prices of food away from home in May rose by 2.3% compared to a year ago while overall food at home prices rose by 0.8%. Compared to April, food prices away from home in May were up 0.2%, while overall food prices at home declined by 0.3%.

 

During 2013, USDA expects pork prices to rise 1% to 2% and expects beef, veal and poultry prices to rise 3% to 4%.

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