KIX 92.1Oldies 98.397.9 The BeatQ-102Delta Country 105.7Star 101KIX 92.7WNIXWNLA AM 1380



Looks Like High Meat Prices Are Here To Stay

The Covid-19 outbreak depleted America’s meat reserves, and new data from the U.S. shows they still haven’t recovered.

Beef, pork, and chicken in U.S. freezers took a plunge after thousands of slaughterhouse workers caught the virus in 2020 and forced plants to shut down. A labor crunch continues to hurt output.

A U.S. report Wednesday showed beef reserves down 7.7% from a year ago in August. Poultry supplies slumped 20% and pork bellies, which are sliced into bacon, dropped 44% to the lowest levels since 2017.

Typically, frozen meat supplies would start to balloon around this time of year as summer grilling season ends. This year, only a modest expansion is likely to take place, signaling that meat prices will stay elevated, according to Jim Sullivan, commercial director for Stable USA, which offers custom risk-management tools for products such as pork cuts that aren’t listed on derivatives exchanges.

 

Contact Jay Allen at [email protected]

 

MORE FROM DELTA DAILY NEWS

Another Shootout in Cleveland

1 comment
  1. visit here
    visit here
    October 13, 2021 at 11:15 am

    We are a group of volunteers and opening a new scheme in our community. Your website offered us with valuable info to work on. You’ve done a formidable job and our entire community will be thankful to you.

    Reply
Leave a Reply

Your email address will not be published. Required fields are marked *