World food prices rose 28 percent in the past year, reaching a record in January, according to the United Nations. Riots partly linked to food inflation ended Zine el Abidine Ben Ali’s 23-year rule in Tunisia and Hosni Mubarak’s three-decade- long rule in Egypt.

By Tony C. Dreibus at Bloomberg.com

EXCERPTS:

U.S. livestock prices may reach records in the next two quarters as farmers reduce herds while China imports the most pork since at least 1992 and the largest amount of beef in three years, according to Societe Generale.

“Meat will start to have an impact on the price index and start to put a pinch on the consumer’s pocketbook,” Jason Britt,

The price that packers such as Tyson receive for pork has risen about 30 percent in the past year as hog herds have shrunk, according to the USDA.

Tyson and other meat processors have been facing higher feed costs as corn, soybean and wheat prices gained in the past year.

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