The American meat shortage is pushing prices to unprecedented heights

[Yo_Mama_Been_Loggin]

The American meat shortage is pushing prices to unprecedented heights

A 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

[SheltieLover]

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]

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]

3. I bought beans and onions yesterday, along with "some" meat

I look forward to cutting back on my meat consumption.

[subterranean]

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]

5. yes this may be true but gas is really cheap, right? nt

[stopbush]

6. Have not seen this yet in SoCal.