Wednesday, October 1, 2008

Pet Food Prices Continue to Rise

As oil prices go up, and the dollar goes down, inflation across consumer goods sold continues to cause the prices to rise. Many companies are seeing profit margins erode, forcing them to raise prices in order to survive.

The pet food industry has felt the pain. The price of raw ingredients has gone through the roof over the last several years. Corn, which is up 35% recently, is the main principle protein source for several quality pet foods, and is also the feed used for chickens, the number-one ingredient for many high-end foods.

Premium pet foods, which were once $40 a bag, are now hovering at $50 a bag and up. Unfortunately for now, there is no end in sight.

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