“The reduced supply of staple food items has consumers feeling the pinch at the grocery store, but farmers and ranchers only see a fraction of the higher prices,” TFB President Kenneth Dierschke said.
The survey showed prices for pork chops rising to $4.54 per pound from $4.25 last quarter and ground beef prices rising to $4.09 per pound from $3.95 last quarter. Sliced turkey increased to $4.68 this quarter, as compared to $4.36 in the first quarter of 2014. Smaller increases occurred for beef sirloin and boneless, skinless chicken breasts.
Dairy products—milk and cheese—saw increases in the second quarter, as well.
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