Welcome to DU!
The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards.
Join the community:
Create a free account
Support DU (and get rid of ads!):
Become a Star Member
Latest Breaking News
General Discussion
The DU Lounge
All Forums
Issue Forums
Culture Forums
Alliance Forums
Region Forums
Support Forums
Help & Search
General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsThe American meat shortage is pushing prices to unprecedented heights
The American meat shortage is pushing prices to unprecedented heightsA trip to the grocery store is about to get more expensive if you have meat on your shopping list.
Fresh meat prices escalated 8.1% in stores, compared to the same period last year, according to Nielsen data for the week ending April 25.
Experts expect prices to skyrocket in the coming weeks, as meat processing plants across the U.S. are forced to close due to the coronavirus pandemic. Pork and beef prices could increase by as much as 20% compared to 2019, according to a new report from CoBank, a cooperative bank that is part of the Farm Credit System.
A 20% increase would be an unprecedented price hike, according to Will Sawyer, CoBank's lead animal protein economist. Pork prices have only experienced inflation of more than 10% twice in the last 20 years; neither time did inflation grow to 20%.
https://www.msn.com/en-us/money/markets/the-american-meat-shortage-is-pushing-prices-to-unprecedented-heights-%e2%80%94-heres-how-it-could-affect-your-grocery-bill/ar-BB13HCIa?li=BBnbfcL
InfoView thread info, including edit history
TrashPut this thread in your Trash Can (My DU » Trash Can)
BookmarkAdd this thread to your Bookmarks (My DU » Bookmarks)
6 replies, 1011 views
ShareGet links to this post and/or share on social media
AlertAlert this post for a rule violation
PowersThere are no powers you can use on this post
EditCannot edit other people's posts
ReplyReply to this post
EditCannot edit other people's posts
Rec (10)
ReplyReply to this post
6 replies
= new reply since forum marked as read
Highlight:
NoneDon't highlight anything
5 newestHighlight 5 most recent replies
The American meat shortage is pushing prices to unprecedented heights (Original Post)
Yo_Mama_Been_Loggin
May 2020
OP
SheltieLover
(57,073 posts)1. And
As when gas was near $5/gal in 2011 & food prices went up permanently, meat prices probably will not come back down. 🤬
tnlurker
(1,020 posts)2. The previous 6 months
There was an over abundance of meat due to the tariff from/on China. The meat prices did not go down very much during that time if at all. But now that meat packing plants are shutting down they are a suddenly going up by record amounts.
gristy
(10,667 posts)3. I bought beans and onions yesterday, along with "some" meat
I look forward to cutting back on my meat consumption.
subterranean
(3,427 posts)4. I experienced meat sticker shock today.
Three weeks ago I went to the local butcher shop and bought some ground beef for $5.49 a pound (the usual price). Went back today and it was $8.99 a pound.
msongs
(67,462 posts)5. yes this may be true but gas is really cheap, right? nt
stopbush
(24,397 posts)6. Have not seen this yet in SoCal.