Meat prices surge as poor weather hits U.S. feed crops
The world economy faces a fresh wave of food inflation as the price of meat surges on the back of record prices for corn and soybean, the main fodder crops for farm animals. Both crops jumped to fresh highs on Monday after U.S. farmers said heavy rain and low temperatures over the past six weeks had damaged millions of acres of crops and meant several million more acres had been left unplanted.
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