Beef prices soar, food inflation is highest in more than eight years (Agriculture.com)

Agriculture.com (Successful Farming) published an article stating food prices rose sharply for the second month in a row, with beef recording its largest one-month increase ever, as the U.S. food inflation rate hit 4% in May. It is the highest rate since January 2012. Senior Research Fellow Joseph Glauber said, “The problems in meatpacking plants do not seem over, although most of the plants are back online. If this means lower meat production over the next few months, then meat prices will continue to remain higher than year-ago levels but likely down a bit from the current spikes.”