U.S. consumers can expect to pay 4 to 5 percent more for food this year than last due to higher costs for beef, dairy and pork, reports Reuters.

Bill Lapp, economist and president of Advanced Economic Solutions, told the Reuters Food and Agriculture Summit this week that beef, pork and dairy prices have all increased substantially since December of 2009, approximately 10 percent. Lapp says food manufacturers and restaurants will pass those costs onto the consumer.

Milk production this year may be similar to 2009, but USDA estimates wholesales milk prices up 21 to 26 percent this year and cheese prices up 16 to 20 percent, reports Reuters.

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Source: Reuters