US farmers received 4.5% more for their goods in November than in October, the US Department of Agriculture said in its latest Agricultural Prices report. 

Americans were spending more money than usual during the recent holiday season, and inflation may have been a big factor.

Ingredient prices were mixed in 2022. Several backed off from 2021 but remained historically high. Some strengthened. A few set record highs.

Hormel Foods Corp. will increase advertising spend on its turkey portfolio in fiscal 2023 after raising prices in fiscal 2022. Highly pathogenic avian influenza (HPAI) should continue to impact the turkey category negatively in the next fiscal year, but to what degree remains unknown.

Tight turkey supplies have CoBank economists warning consumers to expect higher costs to fill their Thanksgiving tables this year.

Tyson Foods Inc. agreed to pay $10.5 million to settle a poultry price-fixing lawsuit filed by Washington Attorney General Bob Ferguson a year ago.

Retail food and beverage price increases are finally beginning to slow, according to data from IRI.

Indulgent foods, including chocolates, confectioneries, savory snacks and ice cream, are likely to see a notable dip in retail sales as a result of inflation, according to market research firm GlobalData.

A handful of plant-based categories are seeing an uptick in adoption, but a much larger portion are seeing declines in penetration, according to data from the Brightfield Group. 

Ongoing inflation is providing a boost to The Kroger Co.’s portfolio of private brands, as many budget-conscious shoppers seek to curb costs.