Over the past few months, crop and livestock prices have worked their way higher despite record production across the board. Those large supplies have been met by strong demand for agricultural products. International demand has increased significantly and that has allowed prices to rise.
Schulz, Lee L. and Hart, Chad
"International Trade Has Been Major Source for Strengthening Prices,"
Agricultural Policy Review: Vol. 2017
, Article 3.
Available at: https://lib.dr.iastate.edu/agpolicyreview/vol2017/iss1/3