[NavVet]

The quoted article has a nice graphic showing beef prices up 13%, sugar up 9%, milk up 10%. Now that may not be much to a WSJ reporter but to many Americans that is significant, especially when the dropping dollar is causing other commodities and imported goods to go up in price at the same time.

[NC28203]

>>>The quoted article has a nice graphic showing beef prices up 13%, sugar up 9%, milk up 10%.

However, current milk and egg prices are below September 2008 levels when quantitative easing took off. Prices are down year over year for a number of fruits and vegetables and beverages.

As I noted in an earlier post, the run-up in commodity food prices is not being driven by too many dollars, but is instead driven by fundamentals. Demand is up across the globe due to economic recovery and there have been supply issues due to lower crop output levels in key producing regions.