Outlook 2009:
Meat Price Projections Reduced For 2009; Lower Egg & Dairy
Prices Seen
While USDA's projection for food-at-home and away from home for
2009 remained unchanged at 3.5% to 4.5%, some significant changes were made
in specific categories. The largest of those changes are projections of lower
egg and dairy prices for 2009, seen declining as much a 2% and 4% respectively
on the heels of some very significant increases in 2008. Just last month, further
advances in these food item were foreseen. Additionally, projections for all
major center-of-the plate items, with the exception of seafood were reduced,
with beef prices seen climbing just 2%, pork 3%, and poultry 2.5%.
The full analysis and projected retail food category price changes are available
only to Food Institute members.
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