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7.2.5 Delivery – cost, insurance and freight versus free on board 138 Cost, insurance and freight (CIF) 138 Free on board (FOB) 139 7.2.6 Provisional pricing arrangements 139 Satisfaction of performance obligations 139 Determining the transaction price 139 7.2.7 Take-or-pay and similar long-term supply agreements 140

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Wholesale beef prices are predicted to increase between 14.0 and 17.0 percent and farm-level milk prices are predicted to decrease between -6.0 and -3.0 percent — an adjustment upward from a -8.0 to -5.0-percent forecast range. The wholesale prices for pork and poultry decreased by 7.0 and 6.4 percent, respectively, from June to July 2021.

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