commodity

Meat Prices Highest Since 1980s - and Still Rising

The burger or bacon you put on your plate is likely at its most expensive since the 1980s, and it%u2019s only going to get pricier. The surging price of corn futures - which allow farmers to lock in the price of the grain for an extended period - means few farmers are expanding their herds, Bloomberg News reported. Meat prices have risen 14% this year, driving up U.S. retail costs, and the rally is not over yet. The surging price of corn futures - which allow farmers to lock in the price of the grain for an extended period - means few farmers are expanding their herds, Bloomberg News reported. Meat prices have risen 14% this year, and the rally is not over yet.