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00:02Lettuce prices plunged 16.4 percent in July from June, the largest monthly decline on
00:07record as a multi-state cyclospora outbreak weakened consumer demand, according to CNBC.
00:12The drop was the steepest month-over-month decline in the CPI food category, though lettuce
00:16prices remained about 7.5 percent higher than a year earlier.
00:20The FDA identified iceberg lettuce processed at a Taylor Farms facility in central Mexico
00:25as the likely source of the outbreak.
00:26Lettuce prices had surged before July as the Iran war raised fertilizer costs and Trump's
00:32mass deportations increased labor costs for U.S. farms.
00:35Cava, Sweetgreen, Chipotle, and Yum!
00:37Brands reported sales or traffic impacts tied to consumer concerns.
00:41According to Nielsen IQ, dollar sales of prepackaged salads fell 14 percent during the four weeks
00:46ended July 25th from a year earlier.
00:48For all things money, visit Benzinga.com.
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