Food Prices falling

Other than China buying Smithfield and sending all our chicken feet to China, I don't think I knew we were sending food to China. And why have we stopped in the last 19 months? And what does that mean for American farmers and ranchers? A couple years ago beef prices hit a 27 year high. And we also discussed the effects of raising beef cattle here. What does it mean for food deserts in our own country?

Food prices in the U.S. fell for 19 straight months through July, the longest streak of price declines since the 1950s. Prices for staples like beef and eggs have fallen dramatically over the past year and a half, thanks in part to cheaper fuel costs and China buying less food from the U.S.

Taken from the September 22, 2017 edition of The Week Magazine.